FG saves N3.56tn despite borrowing
Written by Rita Okaba on November 2, 2026
The Federal Government and other tiers of government set aside a combined N3.56tn as savings from Federation Account revenue between January and September 2026, despite the Federal Government’s increasing reliance on borrowing to finance its budget deficit.
The amount represents a 95 per cent increase from the N1.83tn recorded in the corresponding period of 2025, raising questions about the country’s fiscal priorities amid mounting public debt and rising debt-servicing obligations.
A report by Agora Policy, titled Ten Insights from FAAC Disbursements for January-September 2026, analysed by newsmen on Friday, showed that savings and interventions accounted for N8.34tn of deductions from Federation Account revenue during the nine-month period. The report put deductions for interventions at N4.78tn, making it the largest category, while savings accounted for N3.56tn. Together, the two categories represented 75.1 per cent of total deductions, compared with 39.9 per cent in the corresponding period of 2025.
