FG Targets ₦2.5trn Independent Revenue In 2026 To Strengthen Public Finances

July 1 () — The Federal Government has set a target of generating ₦2.5 trillion in independent revenue in 2026 as part of efforts to improve fiscal discipline, curb revenue leakages and strengthen non-oil revenue generation.

The Acting Executive Chairman and Chief Executive Officer of the Fiscal Responsibility Commission (FRC), Charles Abana, disclosed the target on Tuesday during a meeting between the commission’s management and the Secretary to the Government of the Federation (SGF), George Akume, in Abuja.

According to a statement issued by the Office of the SGF, Abana said the target follows the commission’s monitoring of about ₦1.84 trillion in independent revenue generated by Ministries, Departments and Agencies (MDAs) as of September 2025.

He said the commission is intensifying oversight of operating surpluses from government-owned enterprises and independent revenues generated by MDAs to improve compliance with the Fiscal Responsibility Act.

Abana added that the FRC has upgraded its Operating Surplus Calculation Template, first introduced in 2016, to reflect current fiscal realities and the provisions of the Finance Act 2020. The template has also been fully automated to improve efficiency, accuracy and transparency in revenue computation and monitoring.

Speaking at the meeting, Akume described the Fiscal Responsibility Commission as a key institution in Nigeria’s fiscal governance framework and called for closer 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 oversight agencies.

He said stronger coordination among public institutions would eliminate duplication, enhance transparency and improve the management of government finances.

Akume added that prudent fiscal management remains critical to sustaining macroeconomic stability, improving investor confidence, ensuring debt sustainability and promoting efficient use of public resources.

The renewed revenue target underscores the Federal Government’s broader strategy to strengthen public finances by expanding non-oil revenue, improving accountability and ensuring the timely remittance of government revenues into the Consolidated Revenue Fund.