FG to Launch Monthly Revenue Transparency Dashboards to Improve Fiscal Accountability

FG to Launch Monthly Revenue Transparency Dashboards to Improve Fiscal Accountability

The Federal Government (FG) has announced plans to launch monthly revenue transparency dashboards to enhance fiscal accountability and provide public visibility of government income and expenditure across the three tiers of government. The initiative was disclosed by Dr. Doris Uzoka‑Anite, the Minister of State for Finance and FAAC Chairman, during the recent Federation Account Allocation Committee (FAAC) meeting in Abuja.

Dr. Uzoka‑Anite explained that the dashboards are necessary due to expected increases in government revenue following recent structural reforms, including a Presidential Executive Order (EO) on oil and gas revenue and expanded tax collections under the new Tax Act. These reforms are expected to significantly boost FAAC distributable funds, improve revenue discipline, and reduce leakages in the management of oil proceeds and tax inflows.

The planned dashboards will provide monthly, real-time access to detailed data on government revenue, including oil and gas receipts, tax collections, and other federal revenue streams. Citizens, policymakers, and analysts will be able to monitor allocations, track inflows, and scrutinize expenditure, promoting transparency and accountability across federal, state, and local governments.

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Dr. Uzoka‑Anite urged all tiers of government to prioritize capital expenditure over recurrent spending, invest in sectors such as infrastructure, agriculture, energy, and productive enterprises, and avoid unsustainable wage growth or consumption spikes. She also emphasized the importance of using incremental revenue inflows to reduce debt burdens, clear arrears responsibly, and fund growth-enhancing projects.

The minister highlighted that a portion of one-off payments from the EO on oil revenues could be retained in a Stabilisation Fund, released gradually to support macroeconomic stability and prevent excess liquidity from driving inflationary pressures. She further said that production-to-remittance reconciliation reporting and detailed reporting of incremental gains from tax reforms and EO-driven inflows would be implemented to improve fiscal monitoring.

“The revenue outlook is changing, and structural reforms are expected to materially strengthen Federation revenues,” Dr. Uzoka‑Anite told state finance commissioners. “Improved revenue performance requires improved fiscal coordination. A sudden liquidity injection across all tiers of government could create inflationary risks and reduce the real value of allocations. Structured mechanisms and phased disbursements are therefore critical to safeguard macroeconomic stability.”

The introduction of these monthly revenue dashboards aligns with the FG’s broader commitment to open data, fiscal transparency, and responsible revenue management, ensuring that rising inflows from oil, gas, and taxes are tracked, reconciled, and used efficiently to promote economic growth and stability across Nigeria.

FG to Launch Monthly Revenue Transparency Dashboards to Improve Fiscal Accountability