The Federal Inland Revenue Service (FIRS) has recorded a major revenue milestone, generating ₦22.59 trillion between January and September 2025, according to the agency’s Chairman, Dr. Zacch Adedeji.
Adedeji, who highlighted the achievement in a performance review released on Sunday, said the service also attained a record-breaking ₦47.39 trillion in tax collections between October 2023 and September 2025, representing 115 per cent of its annual revenue target.
“The year 2025 represents a period of remarkable achievements and transformation. Our revenue growth reflects successful reforms, improved compliance, and strong diversification away from oil dependence,” Adedeji said.
He disclosed that non-oil revenue accounted for 76 per cent of total collections during the nine-month period, underscoring the effectiveness of ongoing fiscal and tax reforms.
A breakdown of the figures shows that:
- Oil tax revenue stood at ₦5.29 trillion, representing 98 per cent of the target.
- Non-oil taxes amounted to ₦17.3 trillion, or 128 per cent of the target and 76 per cent of total collections.
- Non-import VAT achieved 137 per cent of its target, while import VAT reached 131 per cent.
Adedeji reaffirmed FIRS’ commitment to fair and transparent implementation of the new tax laws, adding that the service will continue to digitalise tax processes, train and retrain officers, and strengthen collaboration with stakeholders.
“We are determined to meet and surpass the government’s revenue expectations while ensuring fairness, efficiency, and innovation in tax administration,” he assured.
