The Federal Government has announced plans to roll out a monthly revenue transparency dashboard to monitor income and spending across federal, state and local governments.
The Minister of State for Finance, Doris Uzoka-Anite, disclosed the initiative while addressing members of the Federation Account Allocation Committee (FAAC) in Abuja during the weekend.
ENigeria Newspaper gathered that she noted that the move comes at a critical time when federation revenues are projected to rise significantly following sweeping fiscal reforms. These include newly implemented tax measures designed to expand the tax base and improve compliance, as well as a recent presidential executive order aimed at safeguarding oil and gas revenues and reducing leakages.
According to the minister, the expected surge in income will boost FAAC allocations in a sustained manner. However, she warned that improved revenue performance must be matched with stronger fiscal discipline and coordination across all tiers of government.
Uzoka-Anite explained that when revenues increase sharply and are distributed immediately, the resulting liquidity injection can heighten inflationary pressures, complicate monetary management and weaken the real value of allocations.
To manage this risk, she proposed a series of safeguards, including phased disbursement of one-off revenue recoveries instead of bulk releases. Part of the incremental inflows, she said, could be temporarily warehoused in a stabilization buffer to smooth liquidity impact.
Under the proposal, FAAC may channel a portion of excess funds into a fiscal stabilization window. The reserve would serve as a cushion during months of weaker revenue performance, helping to reduce spending volatility and build fiscal resilience.
The minister also announced plans to introduce production-to-remittance reconciliation reporting, alongside clear documentation of revenue gains arising from tax reforms and executive actions.
She urged states and federal Ministries, Departments and Agencies (MDAs) to prioritize capital expenditure over recurrent spending, invest in infrastructure, agriculture, energy and other productive sectors, and avoid unsustainable wage or consumption increases.
“Our responsibility extends beyond distribution,” she told the committee. “It includes ensuring that distribution supports macroeconomic stability and long-term economic growth.”
“The newly implemented tax reform measures are broadening the tax base, improving compliance, and enhancing administrative efficiency.
“At the same time, the Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity 2026 is reinforcing revenue discipline in the oil and gas sector and reducing leakages.
“These reforms are expected to boost FAAC distributable income in a sustained manner.
With stronger revenues on the horizon, she encouraged governments at all levels to reduce debt burdens, clear outstanding arrears responsibly and focus on growth-enhancing investments.
