The Accountant-general of the Federation (AGF), Shamseldeen Ogunjimi, has said that the inflow into Federation Account rose to N35 trillion in 2025.
This marks a significant increase from N27 trillion in 2024.
Ogunjimi who was represented by the Director Federation Account, Mrs Rita Okolie, disclosed this during the Federation Account Allocation Committee (FAAC) Post Mortem Sub-Committee Retreat held in Enugu on Monday.
According to him, the growth was a testament to the positive impact of fiscal reforms instituted by the administration of President Bola Tinubu and also a reflection of a heartening move toward a more resilient economy that would be less dependent on the volatile cycles of oil revenue.
Ogunjimi said the Federation Account remains the fiscal lifeline of our federal system as is the primary channel through which national resources are mobilised, pooled, and equitably distributed among the three tiers of government.
The account-general explained that revenue leakages were not merely accounting gaps or abstract but specific and quantifiable, occurring 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 added.
