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The Federal Government has launched a nationwide revenue recovery initiative designed to boost inflows into the Federation Account and curb financial leakages across major revenue-generating agencies.
The exercise was formally inaugurated on Monday, October 20, 2025, during a meeting at the headquarters of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) in Abuja, where the Commission’s Chairman, Dr. Mohammed Shehu, hosted the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, for the unveiling of consultants engaged to conduct the nationwide recovery.
According to a statement issued by Maryam Yusuf, Head of Information and Public Relations at RMAFC, the exercise is part of the government’s broader effort to enhance fiscal transparency, strengthen accountability, and ensure that all statutory revenues due to the Federation are duly remitted.
The initiative comes amid ongoing investigations into an alleged $42.37bn (N12.91tn) revenue under-remittance to the Federation Account between 2011 and 2017, as earlier reported.
In his remarks, Dr. Shehu reaffirmed the Commission’s commitment to strengthening Nigeria’s fiscal governance framework, stressing that the exercise represents “a deliberate, results-driven innovation aimed at ensuring every recoverable naira due to the Federation is transparently remitted.”
He described the appointment of consultants as a strategic step to plug leakages, enhance transparency, and boost fiscal capacity at the federal, state, and local government levels.
“In line with the constitutional responsibility of the Commission, and with the full support of the President, the Special Adviser to the President on Revenue, and the Executive Chairman of FIRS, this initiative was conceived to identify and recover unremitted revenues across all sectors of the economy,” the statement read.
Representing the FIRS Chairman at the event, the Coordinating Director of the Service, Shettima Tamadi, commended the RMAFC for its proactive leadership, pledging FIRS’s full collaboration in achieving the objectives of the recovery programme.
“Nigeria has a huge revenue gap,” Tamadi said. “But with stronger inter-agency collaboration and accountability, we can bridge that gap and place the country on a path toward sustainable fiscal growth.”
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