Nigeria's Federation Account Inflows Surge to N35 Trillion in 2025

In 2025, Nigeria's Federation Account recorded a substantial increase in inflows, totaling N35 trillion, marking a significant rise from the N27 trillion recorded in 2024. This growth, as reported by Shamseldeen Ogunjimi, the Accountant General of the Federation, was attributed to fiscal reforms and enhanced revenue collection strategies.

The Federal Account Allocation Committee (FAAC) held a retreat in Enugu to evaluate fiscal sector policies aimed at reducing revenue leakages in the federation account. Key officials like Rita Okoli and Dori Uzoka Anit emphasized the importance of addressing revenue shortfalls and improving non-oil revenue performance to strengthen the country's fiscal system.

Ali Moham from the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) highlighted the need to enhance revenue distribution among the three tiers of government to boost economic performance. The retreat also focused on grassroots development, local government autonomy, and tackling insecurity in the nation.