Amid increase in fiscal reforms, federation account inflows hit N23.06trn in 10 months
The Revenue Mobilisation Allocation and Fiscal Commission has said inflows into the Federation Account rose to N23.06trillion in the first 10 months of 2025, attributing the increase to fiscal reforms, stronger audits, and improved coordination among revenue agencies.
The Chairman of the commission, Mohammed Shehu, disclosed this on Monday in Abuja while delivering his keynote address at a two-day National Stakeholders’ Discourse on Enhancing Fiscal Efficiency and Revenue Growth under the Nigeria Tax Act, 2025.
Shehu said, “The 10-month accrual into the Federation Account in the period January to October, 2025, was N23,058,248,707,725.50 only,” describing the figure as evidence of growing fiscal discipline and improved revenue mobilisation.
According to him, the surge in inflows marked a steady improvement over previous years, with total gross accruals standing at N11.93tn in 2023 and N21.43trillion in 2024. He explained that the growth was driven by “fiscal reforms, tracking and coordination among revenue agencies, stronger audits, digital tracking, and fiscal reforms,” noting that the measures had expanded the revenue pool available for distribution to the Federal, State, and Local Governments.
