Nigeria targets ₦2.5tn independent revenue in 2026

Nigeria's Federal Government aims to generate ₦2.5 trillion in independent revenue by 2026, a significant increase from the approximately ₦1.84 trillion recorded as of September 2025. Charles Abana, acting Executive Chairman of the Fiscal Responsibility Commission, announced the ambitious target during a meeting with the Secretary to the Government of the Federation, Senator George Akume, in Abuja.

“

Through enhanced monitoring of operating surplus from Government-Owned Enterprises and independent revenue generated by Ministries, Departments and Agencies, the Commission recorded approximately ₦1.84 trillion in monitored independent revenue as at September 2025 and has set an ambitious target of ₦2.5 trillion in independent revenue for 2026.

The commission's efforts focus on improving transparency in revenue reporting and ensuring timely remittance of operating surpluses. Abana highlighted that the target is supported by enhanced monitoring of government-owned enterprises and independent revenue from various agencies. The commission has also updated its Operating Surplus Calculation Template, first developed in 2016, to align with current fiscal realities and the Finance Act 2020, automating the process for greater efficiency and accuracy.

“

The template has now been fully automated to improve efficiency, accuracy and transparency in revenue computation and compliance monitoring.

Senator Akume urged for stronger collaboration among fiscal and oversight institutions to deepen transparency, accountability, and prudent public financial management. He called for enhanced cooperation between the Fiscal Responsibility Commission and other key bodies, including the Federal Ministry of Finance, the Budget Office of the Federation, and the Office of the Accountant-General of the Federation, to eliminate duplication and strengthen fiscal governance. Akume emphasized the commission's critical role in Nigeria's financial framework, stressing that responsible resource management is vital for economic stability.

“

I want to urge deeper collaboration with the Federal Ministry of Finance, Budget Office of the Federation, Office of the Accountant General and the Federal Debt Management Office and other oversight institutions to eliminate duplication and strengthen fiscal governance.