Federation Revenue Shrinks as First-Line Deductions Hit 41%

Federation Revenue Shrinks as First-Line Deductions Hit 41% – World Bank

Nigeria’s gross revenue reached a cumulative N84tn over the last three years, yet 41.1% of these earnings never reached the federation’s distribution pool. Findings from the World Bank’s latest Nigeria Development Update reveal that “pre-distribution deductions” are quietly hollowing out the treasury. While total earnings climbed to N37.44tn in 2025, the amount siphoned off for…

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Lawmakers Scrutinise INEC’s N873.78bn Proposal for 2027 Elections

  The scrutiny of Nigeria’s public finances intensified yesterday as lawmakers critically assessed the Independent National Electoral Commission’s (INEC) proposal for N873.78 billion to fund the 2027 general elections. Tensions flared as the Commission defended its early budget request, highlighting ongoing issues with fund allocation and financial mismanagement that have plagued several government agencies. During…

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