The Presidency has welcomed what it described as Nigeria’s “strongest fiscal performance in recent history”, following new figures showing unprecedented growth in government revenue between January and August 2025.
According to the data on its X handle, Nigeria mobilised ₦20.59 trillion in eight months — the highest collection ever recorded — with non-oil revenues accounting for ₦15.69 trillion, or three out of every four naira collected. Officials said this marks a significant shift away from decades of oil dependence.
The Presidency attributed the growth primarily to ongoing fiscal and tax reforms, which include digitised filings, automation of Customs processes, tighter enforcement, and expanded compliance. While inflation and foreign exchange revaluation had some impact, the statement emphasized that the gains were largely reforms-driven.
Customs revenue stood out with ₦3.68 trillion collected in the first half of the year — ₦390 billion above target and already 56 percent of the full-year goal. Authorities said this outcome reflects “systemic changes, not one-off windfalls.”
The improved fiscal performance has also boosted the financial position of states. In July, Federation Account Allocation Committee (FAAC) disbursements reached ₦2.0 trillion for the first time, giving states additional capacity to invest in grassroots development.
The Presidency noted that the strong revenue trajectory demonstrates the effectiveness of reforms aimed at strengthening Nigeria’s fiscal base, improving compliance, and ensuring sustainable growth.
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