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FG Sets ₦2.5trn Independent Revenue Target for 2026
The Federal Government has set a target of ₦2.5 trillion in independent revenue for 2026, according to the Fiscal Responsibility Commission (FRC).
Acting Executive Chairman Charles Abana disclosed this during a meeting with the Secretary to the Government of the Federation (SGF), Senator George Akume, in Abuja.
Abana explained that the target builds on the ₦1.84 trillion in independent revenue monitored from MDAs and Government-Owned Enterprises (GOEs) as of September 2025.
“Through enhanced monitoring of operating surplus and independent revenue, we recorded ₦1.84tn and have now set an ambitious target of ₦2.5tn for 2026,” he said.
He noted that the commission has upgraded its Operating Surplus Calculation Template, first developed in 2016, to align with the Finance Act 2020.
The template is now fully automated to improve efficiency, accuracy, and transparency in revenue computation.
Akume urged stronger collaboration among fiscal and oversight institutions, including the Ministry of Finance, Budget Office, Accountant-General, and Debt Management Office, to eliminate duplication and strengthen fiscal governance.
He described the FRC as a critical institution in Nigeria’s fiscal framework, stressing that prudent management of public resources is essential for economic stability.
“Fiscal responsibility is fundamental to sustaining macroeconomic stability, boosting investor confidence, ensuring debt sustainability and promoting efficient utilisation of public resources,” Akume said.
The government is intensifying efforts to boost non-oil revenue and improve fiscal discipline amid rising expenditure demands.
The FRC continues to monitor independent revenue and operating surpluses of MDAs and GOEs to ensure compliance with the Fiscal Responsibility Act and remittance into the Consolidated Revenue Fund.