When rainy day funds run dry: corruption and mismanagement of Nigeria’s Excess Crude Account

Authors: Pallavi Roy, Mitchell Watkins, Adeola Adenikinju, Nkechi Oranye, Festus Osagu, Yetunde Omotosho, Olusanya Olubusoye, Emmanuel Falobi
Publication date: April 2022

Developing countries dependent on natural resource revenues to finance their budgets are characteristically prone to the boom-and-bust economic cycles driven by volatility in commodity markets.