• FG pledges deeper support for commission to strengthen fiscal governance reforms
Ndubuisi Francis in Abuja
The Fiscal Responsibility Commission (FRC) facilitated remittances of about N1.84 trillion from operating surplus and internally generated revenue into the Consolidated Revenue Fund (CRF) as of September 2025. Operating surplus refers to the excess of income over expenditure for Government-Owned Enterprises (GOEs) and parastatals over a fiscal year.
CRF is the primary central account of the Federal Government of Nigeria, established under Section 80 of the 1999 Constitution, and serves as the main repository for government revenues, excluding funds designated for specific public purposes, and is used to finance statutory transfers, debt servicing, and government operations.
Acting FRC Chairman, Charles Abana, who made the disclosure when he led top officials of the commission on a courtesy visit to Secretary to the Government of the Federation (SGF), Senator George Akume, in Abuja, on Tuesday revealed that despite lower revenue performance between January and May 2026, the commission had already recorded over N760 billion in remittances from operating surplus and other independent revenues.
