The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has announced that Nigeria’s revenue collection has surged by 411 percent in just 16 months, hitting N3.64 trillion as of September 2025.
Adedeji disclosed this during a press briefing organised by the presidential media team at the State House, Abuja, on Tuesday. He explained that the sharp rise in collections underscores the government’s fiscal reforms and expanded tax base.
According to him, revenues grew from N711 billion in May 2023 to the current level, with non-oil taxes recording the steepest growth. Non-oil collections rose from N151 billion to over N1 trillion, while oil revenue increased from N96 billion to N644 billion within the same period.
Value Added Tax (VAT) receipts also tripled, jumping from N218 billion to N723 billion, while customs revenue expanded significantly from N106 billion to N322 billion. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) posted remittances of N745 billion, up from N125 billion, while the Nigerian National Petroleum Company Limited (NNPCL) contributed N111 billion in September 2025.
Despite the strong revenue inflows, Adedeji stressed that borrowing remains necessary for the Federal Government, but now strictly for funding infrastructure and growth-related projects, not recurrent expenditure.
