Pecohub Nigeria’s solid minerals sector remitted a total of N63.92 billion into the Federation Account over the January to November 2025 period, underscoring both the growing fiscal relevance of the extractive sub-sector and the volatility that continues to shape its contribution to national revenue.
The month-by-month inflows, as captured in official remittance records presented to the Federation Account Allocation Committee (FAAC) this December, showed a year defined by sharp fluctuations, a strong second-quarter rebound, and a late-year moderation linked to security and operational constraints.
The year opened with January remittances of N4.18 billion, accounting for about 6.5 per cent of the cumulative inflow. This was followed by N3.78 billion in February, representing roughly 5.9 per cent of the total.
Together, the first two months contributed N7.96 billion, or just under 12.5 per cent of the eleven-month take, pointing to a relatively modest start for the sector at a time when mining activities are typically slowed by logistics and financing cycles.
March recorded a further dip, with remittances falling to N2.15 billion, equivalent to 3.4 per cent of total collections. This marked the weakest monthly performance of the year and reflected a slowdown in production and export activity across several mining corridors.
By the end of the first quarter, cumulative inflows stood at N10.10 billion, barely 15.8 per cent of the eventual January–November total, highlighting how back-loaded the sector’s revenue performance would become.
However, a decisive turnaround began in April, when remittances surged to N7.88 billion. This single month contributed about 12.3 per cent of the year’s inflows and more than tripled the March figure.
An analysis of the data by Pecohub showed that the rebound gathered momentum in May, which emerged as the strongest month of the year with N9.66 billion paid into the Federation Account. May alone accounted for just over 15.1 per cent of total remittances, cementing the second quarter as the fiscal high point for the solid minerals industry.
In the same vein, June sustained the improved performance, although at a slower pace, with N4.75 billion remitted, representing 7.4 per cent of the total. By the end of the first half of the year, aggregate inflows had risen to approximately N32.34 billion.
This meant that more than half of the entire January–November remittance, around 50.6 per cent, was delivered between April and June, underlining the outsized importance of the second quarter to annual revenue outcomes.
The third quarter opened on a stable footing, with July recording N5.84 billion in remittances and contributing 9.1 per cent of the total. August followed with N6.23 billion, equivalent to 9.8 per cent, reflecting continued strength in mineral sales and improved compliance by operators.
September extended this trend, posting N7.32 billion, or 11.5 per cent of cumulative inflows, making it the third-best performing month of the year after May and April.
October maintained relatively high levels, with N6.86 billion remitted, accounting for 10.7 per cent of the January–November total. However, November inflows eased to N5.28 billion, representing about 8.3 per cent of total collections. While still substantial, the November figure fell below the mid-year highs, reflecting disruptions in mining activity and logistics.
