The Federal Government has set a target of generating N2.5 trillion in independent revenue in 2026 as part of efforts to strengthen fiscal discipline and improve public revenue generation.
The acting Executive Chairman and Chief Executive Officer of the Fiscal Responsibility Commission, Charles Abana, disclosed this on Tuesday during a meeting between the commission’s management and the Secretary to the Government of the Federation, Senator George Akume, in Abuja.
According to a statement issued by the spokesman for the Office of the Secretary to the Government of the Federation, Chris Ugwuegbulam, Abana said the target followed the commission’s monitoring of about N1.84 trillion in independent revenue generated by Ministries, Departments and Agencies (MDAs) as of September 2025.
“Through enhanced monitoring of operating surplus from Government-Owned Enterprises and independent revenue generated by Ministries, Departments and Agencies, the commission recorded approximately N1.84tn in monitored independent revenue as at September 2025 and has set an ambitious target of N2.5tn in independent revenue for 2026,” Abana said.
He explained that the commission was stepping up efforts to improve transparency in revenue reporting, ensure prompt remittance of operating surpluses into the Consolidated Revenue Fund, and curb revenue leakages across public institutions.
Abana also disclosed that the commission had reviewed and upgraded its Operating Surplus Calculation Template, originally developed in 2016, to reflect current fiscal realities and the 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,” he added.
Speaking at the meeting, the Secretary to the Government of the Federation, Senator George Akume, called for stronger collaboration among fiscal and oversight institutions to promote transparency, accountability and prudent management of public finances.
He urged the Fiscal Responsibility Commission to work more closely 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 agencies.
“I want to urge deeper 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 institutions to eliminate duplication and strengthen fiscal governance,” Akume said.
The SGF described the Fiscal Responsibility Commission as a key institution in Nigeria’s fiscal governance framework, stressing that prudent management of public resources is vital for 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,” he said.
Akume added that fiscal responsibility remained critical to sustaining macroeconomic stability, boosting investor confidence, ensuring debt sustainability and promoting the efficient use of public resources across all levels of government.
The Federal Government has continued to intensify efforts to increase non-oil revenue and improve fiscal discipline as it seeks to strengthen public finances amid rising expenditure demands.