All the federal government’s major revenue-generating agencies fell short of their expected contributions to the Federation Account in December 2025, according to details presented at the February meeting of the Federation Account Allocation Committee (FAAC).
An analysis of the Central Bank of Nigeria (CBN), Federation Account Component Statement for the period showed that none of the agencies met up to 40 per cent of their expected performance benchmarks, with the Nigerian National Petroleum Company Limited (NNPC Ltd) recording the weakest remittance level.
The document, reviewed at the FAAC Post-Mortem Sub-Committee (PMSC), indicated that the agencies collectively generated N2.585 trillion for the federation account during the month, but their individual performances were significantly below optimal expectations.
According to the report, NNPC posted the lowest performance level at just 0.38 per cent of expected revenue, remitting N9.79 billion into the CBN component statement in December.
The extremely low contribution from the national oil company stood out sharply when compared with other agencies, despite the fact that oil remains the backbone of Nigeria’s revenue structure.
Besides, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded a 22.94 per cent performance, remitting N593.11 billion into the federation account for the month.
