The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, opened up that the Federal Government recorded a significant revenue shortfall in the 2025 fiscal year.
He noted that while the Federal Government projected ₦40.8tn revenue for this year, it ended up making only ₦10.7tn.
Edun made the disclosure while appearing before the House of Representatives Committees on Finance and National Planning during an interactive session on the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper.
He recalled that the Federal Government had projected a revenue target of ₦40.8tn in 2025 to fund the ₦54.9tn “Budget of Restoration,” designed to stabilise the economy, secure peace, and lay the foundation for long-term prosperity.
