Nigeria’s Public Finance Archives

October 27, 2026

Nigeria’s Revenue Crisis Deepens: ₦20.74 Trillion Budget Gap Persists Despite Oil Price Surge

News Crackers Business, Economy Budget Deficits, Economic News & Analysis, Federal Revenue Performance & Oil-Dependent Economy, Federation Account Revenue & the Impact of Global Oil Prices, Nigeria’s Public Finance 0

By FIDELUS ZWANSON Revenue Falls Far Below Budget NIGERIA’S statutory revenue fell ₦20.74 trillion short of its budget target between January and October 2026, despite a sharp rise in international crude oil prices following the United States-Iran war. Figures from the Office of the Accountant-General of the Federation showed that statutory revenue totalled ₦26.14 trillion […]