May 28, 2026
Emma Ujah, Abuja Bureau Chief
Revenue receipts of the federal government in 2025 were characterized by shortfalls, leading to a fiscal deficit of N328 billion in the Third Quarter (Q3) of the year.
The 2025 Q3 Budget Implementation Report released by the Budget Office of the Federation (BoF) indicated that there was no truth in claims that the Administration of President Bola Tinubu achieved its annual revenue target by August, of 2025.
According to the report, “Revenue shortfalls persisted in both oil and non-oil receipts. Total FG revenue stood at ₦7.70 trillion and expenditure reached ₦8.03 trillion, resulting in a fiscal deficit of ₦328.57 billion, financed through privatization proceeds and domestic borrowing.”
