The Minister of Finance, Wale Edun, has said that Nigeria’s 2025 revenue projection of N40.8 trillion is 281 percent, or N30.1 trillion, short.
Edun stated this on Tuesday during an interactive session with the House of Representatives Committees on Finance and National Planning.
According to him, the country has been able to get N10.7 trillion of the N40.8 trillion projected revenue for the 2025 fiscal year with the 54.9 trillion “budget of restoration,” which was designed to stabilize the economy, secure peace, and rebuild prosperity.
The Minister of Finance, Wale Edun, has said that Nigeria’s 2025 revenue projection of N40.8 trillion is 281 percent, or N30.1 trillion, short.
Edun stated this on Tuesday during an interactive session with the House of Representatives Committees on Finance and National Planning.
According to him, the country has been able to get N10.7 trillion of the N40.8 trillion projected revenue for the 2025 fiscal year with the 54.9 trillion “budget of restoration,” which was designed to stabilize the economy, secure peace, and rebuild prosperity.
The revelation has raised fresh concerns about the sustainability of Nigeria’s public finances.
“We must be ambitious, but given the experience of the past two years, spending linked to these revenues must be based on what actually comes in, not what we hope to earn,” Edun said.
“The current trajectory indicates that federal revenues for the full year will likely end at around N10.7 trillion, compared with the N40.8 trillion that was projected,” the minister told the lawmakers.
This comes as the Senate on Tuesday passed the 2026–2028 Medium-Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, paving the way for President Bola Tinubu to present the 2026 Appropriation Bill, estimated at N54.4 trillion.
