The Federal Government has projected that independent revenue generated by Ministries, Departments and Agencies (MDAs) and Government-Owned Enterprises will rise to ₦2.5 trillion in 2026 as part of efforts to strengthen fiscal sustainability and improve public revenue collection.
The target was disclosed on Tuesday in Abuja by the Acting Executive Chairman and Chief Executive Officer of the Fiscal Responsibility Commission (FRC), Charles Abana, during a meeting between the commission’s management and the Secretary to the Government of the Federation (SGF), Senator George Akume.
According to a statement issued by the spokesman for the Office of the Secretary to the Government of the Federation, Chris Ugwuegbulam, the new revenue target follows the commission’s monitoring of approximately ₦1.84 trillion generated by federal MDAs as of September 2025.
Highlighting the commission’s performance, Abana said ongoing reforms have significantly improved oversight of government revenues and operating surpluses.
“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,” he said.
He explained that the commission is strengthening measures aimed at improving transparency in revenue reporting, ensuring prompt remittance of operating surpluses into the Consolidated Revenue Fund and plugging revenue leakages across public institutions.
Abana also revealed that the Fiscal Responsibility Commission has modernised its revenue assessment framework by reviewing and upgrading the Operating Surplus Calculation Template originally introduced in 2016.
According to him, the revised template now reflects current fiscal realities and incorporates provisions of the Finance Act 2020.
“The template has now been fully automated to improve efficiency, accuracy and transparency in revenue computation and compliance monitoring,” Abana added.
Speaking during the meeting, Secretary to the Government of the Federation, Senator George Akume, stressed the need for stronger coordination among key fiscal institutions to promote accountability and improve the management of public finances.
He urged the Fiscal Responsibility Commission to deepen its collaboration with the Federal Ministry of Finance, the Budget Office of the Federation, the Office of the Accountant-General of the Federation, the Debt Management Office and other relevant oversight bodies.
“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,” he said.
Akume described the Fiscal Responsibility Commission as a key institution in Nigeria’s public finance architecture, noting that prudent management of government resources remains critical to economic stability.
“The Fiscal Responsibility Commission occupies a strategic position in strengthening public financial management and ensuring that government resources are managed with discipline, transparency and accountability in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu,” Akume said.
He further emphasised that sound fiscal management is essential for maintaining macroeconomic stability, attracting investors, ensuring debt sustainability and promoting efficient utilisation of public resources at every level of government.
The Federal Government has continued to intensify efforts to expand non-oil revenue sources and strengthen fiscal discipline as it seeks to meet rising expenditure obligations while improving the country’s overall financial position.
The Fiscal Responsibility Commission is responsible for monitoring the independent revenues and operating surpluses of Ministries, Departments and Agencies as well as Government-Owned Enterprises to ensure compliance with the Fiscal Responsibility Act and the remittance of required funds into the Consolidated Revenue Fund.
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