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• Targets N2.5 trillion in independent revenue for 2026
The Secretary to the Government of the Federation (SGF), George Akume, has called for stronger collaboration among fiscal and oversight institutions to deepen transparency, accountability and prudent public financial management in line with the Renewed Hope Agenda.
According to a statement issued by the Director of Information and Public Relations, Chris Ugwuegbulam, the SGF made the call on Tuesday in Abuja while receiving the management of the Fiscal Responsibility Commission (FRC), led by its Acting Executive Chairman and Chief Executive Officer, Charles Chukwuemeka Abana.
The SGF said there was need for deeper institutional coordination among the FRC and key government agencies, including 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.
“I want to urge deeper collaboration with the Federal Ministry of Finance, Budget Office of the Federation, Office of the Accountant-General and the Federal Debt Management Office and other oversight institutions to eliminate duplication and strengthen fiscal governance,” he said.
Akume commended the commission for its role in promoting fiscal discipline, transparency and accountability in the management of public finances, describing it as a critical pillar in Nigeria’s fiscal governance architecture.
He said fiscal responsibility remained essential to macroeconomic stability, investor confidence, debt sustainability and the efficient use of public resources at all levels of government.
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“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,” the SGF said.
Earlier, Abana said the commission’s renewed focus is on improving transparency in revenue reporting, ensuring timely remittance of operating surplus into the Consolidated Revenue Fund, and eliminating revenue leakages and wastage across public institutions.
He said the commission, through improved monitoring of operating surplus from Government-Owned Enterprises and independent revenue generated by Ministries, Departments and Agencies, had recorded about N1.84 trillion in monitored independent revenue as of September 2025.
Abana added that the commission had set a target of N2.5 trillion in independent revenue for 2026. He said the commission had also reviewed and upgraded its Operating Surplus Calculation Template, developed in 2016, to reflect current fiscal realities, including the provisions of the Finance Act 2020 and subsequent fiscal policy reforms.
According to him, the template has now been fully automated to improve efficiency, accuracy and transparency in revenue computation and compliance monitoring.
