Nigeria's Revenue Agencies Underperform Below 40% in December
In December 2025, the Federal Account Allocation Committee (FAAC) reported that all revenue-generating agencies in Nigeria fell short of the 40% performance benchmark. The Nigerian National Petroleum Company Limited (NNPC) recorded the weakest remittance at just 0.38% of the expected revenue, contributing ₦9.79 billion.
The Central Bank of Nigeria (CBN) indicated that the total revenue collected during the month amounted to ₦2.585 trillion, significantly below expectations. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) performed slightly better at 22.94%, remitting ₦593.11 billion.
The Nigeria Revenue Service (NRS) contributed ₦913.96 billion, representing 35.35% of expected performance. The report underscored a broader trend of underperformance in federal revenue collection, raising concerns about the efficiency and transparency of revenue generation across federal institutions, particularly regarding the NNPC's contributions, which fell below 1% of expected performance.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
NNPC Revenue Plummets 46.7% to N2.57tn in January 2026
Nigeria's FAAC Deductions Reach 41% of Revenue
NNPC Reports ₦2.68 Trillion Revenue Amid Profit Drop
NNPC Revenue Drops to N2.57 Trillion in January 2026
FAAC Disburses N1.969 Trillion as December Revenue Hits N2.585 Trillion
NNPC Revenue Reaches N2.68 Trillion Amid Oil Output Drop
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
