Nigeria's Q3 2025 Oil Revenue Shortfall Hits N2.79 Trillion

In Q3 2025, the Federal Government of Nigeria recorded a total oil revenue shortfall of N2.79 trillion, realizing only N2.45 trillion, which is 31.87% of the total projected budget for the quarter. In contrast, non-oil revenue performed better, totaling N5.25 trillion, which exceeded the total project budget by 68.18%.

The report, released by the Ministry of Budget and Economic Planning, indicated that total government revenue stood at N7.70 trillion against expenditures of N8.03 trillion, resulting in a fiscal deficit of N328.57 billion. The report highlighted the volatility of oil revenue and its impact on fiscal outcomes, exacerbated by product price shocks and structural underperformance amid lower market prices.

It emphasized the need for urgent revenue mobilization and expenditure rationalization to improve fiscal management and sustainability.