Federal Government targets ₦2.5 trillion in independent revenue by 2026
via Punch Nigeria2 min read
The Federal Government aims to generate ₦2.5 trillion in independent revenue by 2026, as disclosed by Charles Abana, the acting Executive Chairman and Chief Executive Officer of the Fiscal Responsibility Commission. This target follows the Commission's monitoring of approximately ₦1.84 trillion in independent revenue generated by Ministries, Departments and Agencies as of September 2025. Abana stated that efforts are being intensified to improve transparency in revenue reporting, ensure timely remittance of operating surpluses into the Consolidated Revenue Fund, and eliminate revenue leakages. The Commission has also updated its Operating Surplus Calculation Template to align with current fiscal realities and the Finance Act 2020, with the template now fully automated for improved efficiency. Senator George Akume, the Secretary to the Government of the Federation, called for stronger collaboration among fiscal and oversight institutions to enhance transparency, accountability, and prudent management of public finances, emphasizing the Fiscal Responsibility Commission's critical role in Nigeria's fiscal governance framework.
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Frank Lampard has signed a new contract with Coventry, committing him to the Premier League club until 2029. The 48-year-old former England midfielder led the Sky Blues to English football's top-flight for the first time in 25 years by winning last season’s Championship. Lampard took over the Midlands club in November 2024, guiding them to a play-off finish in his initial season before their promotion. He expressed his delight at signing the new deal and acknowledged the collective effort in achieving promotion. Lampard, who previously managed Chelsea, Everton, and Derby, emphasized the need for the staff and players to recharge and focus on preparations for the upcoming Premier League season. Coventry faces a challenging start to their Premier League return, with an away match against champions Arsenal on August 21.
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