The Federal Government has fallen short of its 2025 revenue projections by about ₦30 trillion, the Minister of Finance and Coordinating Minister of the Economy has disclosed.

Speaking at a public forum on fiscal performance, the minister said the shortfall was driven by weaker-than-expected oil receipts, production disruptions, revenue leakages, and delays in remittances from government-owned enterprises. She also cited global economic headwinds and domestic security challenges affecting crude output and non-oil revenues.

According to her, while the 2025 budget was premised on ambitious revenue reforms and improved collection efficiency, actual inflows have lagged projections, putting pressure on fiscal operations and borrowing plans.

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“The gap between projected and actual revenues is significant. We are off target by roughly ₦30 trillion, and this has implications for budget implementation, debt servicing, and capital spending,” the minister said.

She noted that the government is intensifying efforts to expand the tax base, plug leakages through digital monitoring, and boost non-oil revenues, while engaging relevant agencies to improve remittances.

The disclosure comes amid rising concerns over Nigeria’s debt profile, inflationary pressures, and funding for critical infrastructure and social programmes. Analysts warn that sustained revenue underperformance could deepen deficit financing and increase borrowing costs unless corrective measures yield quick results.