The Federal Government of Nigeria has emphasized the importance for African nations to enhance domestic revenue generation and decrease reliance on foreign aid. This stance was presented by Finance Minister Taiwo Oyedele, who stated that sustainable development cannot be achieved solely through external assistance. The remarks were made during a recent address to African leaders.

The Federal Government of Nigeria has emphasized the need for enhanced development finance and increased private capital mobilization to achieve its goal of a $1 trillion economy. Officials stated that relying solely on public funds is insufficient for the country's developmental plans. This announcement was made during the Bank of Industry's Development Partners’ Roundtable and the presentation of the 2025 Annual Development Impact Report in Abuja.

The World Bank has identified Nigeria's primary fiscal challenge as weak revenue mobilisation rather than high levels of debt. Mathew Verghis, the World Bank Country Director for Nigeria, emphasized the need for the government to focus on enhancing revenue generation to foster sustainable economic growth during an interview on Channels Television.

The Federal Government of Nigeria has expressed its support for recent US sanctions imposed on Nigerian Bureau De Change (BDC) operators accused of financing terrorism. The government stated its commitment to collaborating with both domestic stakeholders and international partners to enhance national security.

The International Monetary Fund (IMF) has reported that the Federal Government of Nigeria did not include public expenditure amounting to approximately N8.8 trillion, or 2% of the country's Gross Domestic Product (GDP), in its recent national budgets. This omission has led to a discrepancy between the reported fiscal deficit and the actual financing requirements of the country, according to the IMF's Resident Representative.

Nigeria's Finance Minister, Mr. Oyedele, has clarified that the Federal Government does not engage in a 'shadow budget' or spend public funds outside the established constitutional and statutory framework for public finance. This statement aims to dispel any misconceptions regarding the government's financial operations.