Accountant-General of the Federation (AGF), Shamseldeen Ogunjimi, has said the inflow into federation accounts rose to N35 trillion in 2025.
This represents an increase of N8 trillion or 29.63 percent from the N27 trillion recorded in 2024.
Ogunjimi, represented by Rita Okolie, director federation account, spoke during the federation account allocation committee (FAAC) post mortem sub-committee retreat held in Enugu on Monday.
The theme of the retreat was ‘Assessing Fiscal and Sectoral Policies for Closing Revenue Leakage in the Federation Account’.
Ogunjimi said the growth was a testament to the positive impact of fiscal reforms instituted by the administration of President Bola Tinubu.
AGF said it also reflected a heartening move toward a more resilient economy that would be less dependent on the volatile cycles of oil revenue.
He added that the federation account remains the fiscal lifeline of the federal system as it is the primary channel through which national resources are mobilised, pooled, and equitably distributed among the three tiers of government.
“However, persistent revenue shortfalls, volatility oil receipts, suboptimal non-oil revenue performance, and systemic leakages have continued to undermine the efficiency, predictability, and credibility of the federation account,” he said.
“The retreat convention by the Sub-Committee came at a time when Nigeria’s fiscal resilience, revenue integrity, and institutional accountability are more critical than ever.
“Our recent progress is undeniable. In the year 2025, inflows into the Federation Account rose above N35 trillion, a significant jump from N27 trillion in 2024.”
The account-general also said revenue leakages were not merely accounting gaps or abstract but specific and quantifiable.
He added that they occurred at three critical junctions – collection, remittance, and expenditure oversight.
“They are lost opportunities for development, weakened public trust, and constraints on our collective aspiration for a stronger and more prosperous Nigeria as every naira lost is a school not built, a road unfinished, or a vital service delayed,” he said.
On her part, Doris Uzoka-Anite, minister of finance (state), assured the participants that she would continue to promote and ensure equity, fairness and justice in the operations and management of federal account.
The minister, represented by Ali Mohammed, director of home finance, also expressed confidence that the deliberation would strengthen the mechanism that ensured the federation account serves the people better.
Earlier, Mohammed Shehu, chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), said the volume of resources available for distribution by the three tiers of government had increasingly been influenced.
Shehu, represented by Eyo-Nsa Whiley, vice-chairman, FAAC post mortem subcommittee, said the influence are by economic performance, a growing array of fiscal and sectoral policies, legislative reforms, economic instruments, and financing arrangements.
