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.
Abana said the target followed the commission’s monitoring of approximately
N1.84tn in independent revenue generated by Ministries, Departments and
Agencies as of September 2025.
He said, “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.”
He explained that the commission was intensifying efforts to improve
transparency in revenue reporting, ensure the timely remittance of operating
surpluses into the Consolidated Revenue Fund, and eliminate revenue leakages
across public institutions.
According to him, the commission has also reviewed and upgraded its
Operating Surplus Calculation Template, first developed in 2016, to align with
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,” Abana
added.
Speaking during the meeting, the Secretary to the Government of the
Federation, Senator George Akume, called for stronger collaboration among
fiscal and oversight institutions to deepen transparency, accountability and
prudent management of public finances.
Akume urged the Fiscal Responsibility Commission to strengthen cooperation
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.
“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,” he said.
The SGF described the Fiscal Responsibility Commission as a critical
institution in Nigeria’s fiscal governance framework, noting that the prudent
management of public resources remains essential 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,” Akume
said.