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Balance of Payment Statistics (Million Naira) except otherwise indicated
  2005
Quarter
Second
Third
Fourth
Current Account Balance 609,240.80 922,029.47 630,141.46
Capital and Financial Account Balance -288,352.25 -520,323.00 52,260.92
Net Errors and Ommissions -5,314.00 -3,704.40 -3,620.68
Overall Balance 315,574.55 398,002.06 678,781.81
Foreign Reserves (Million US$) 24,393.07 28,131.40 28,279.06
       
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Facts : 1/1/1900
NEEDS:National Economic Empowerment and Development Strategy was developed by the National Planning Commission, then headed by Prof Charles Soludo. It was endorsed by the Federal Executive Council of Nigeria as a poverty-alleviating strategy. The aim of the scheme was to meet the Millenium Developoment Goals of curbing the menace of poverty in Nigeria and bringing it to the barest minimum by the year 2015.
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