US EditionNigeria: Presidency Says Non-Oil Sector Accounts for 75 Percent As Total Revenue Hits N20.59trn in 8 Months
Non-oil revenues reached ₦15.69 trillion, accounting for 75% of total collections, driven by reforms and digitization, leading to record state and local government disbursements.
- Between January and August 2025, Nigeria raised N20.59 trillion in revenue, achieving its most robust fiscal performance in recent times.
- This surge followed reforms targeting tax compliance, digitised administration, and customs automation that reduced government borrowing.
- Customs collections reached ₦3.68 trillion in the first half of 2025, surpassing targets by ₦390 billion and achieving 56% of the annual goal.
- The non-oil sector accounted for 75% of total revenues, while monthly allocations to subnational governments exceeded ₦2 trillion in July 2025, marking a historic high.
- Despite progress, President Tinubu admitted revenues fall short of ambitions for education, health, and infrastructure, and additional reforms are underway to ensure gains benefit citizens.
13 Articles
13 Articles
Nigeria: Presidency Says Non-Oil Sector Accounts for 75 Percent As Total Revenue Hits N20.59trn in 8 Months
The Presidency on Wednesday hailed Nigeria's strongest fiscal performance in recent history, crediting reforms in compliance and digitisation for pushing non-oil revenues to record highs.
Daily Post Nigeria
Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper.Nigeria records N20.59trn revenue in 8 months, strongest fiscal performance in years
The Presidency on Wednesday announced that Nigeria recorded its strongest fiscal performance in recent history, mobilising N20.59 trillion in revenues between January and August 2025. According to the figures, the collections represent a 40.5 per cent increase compared with N14.6 trillion in the same period of 2024, with non-oil sources contributing N15.69 trillion — three-quarters of the total. This was disclosed in a statement on Wednesday by …
Nigeria’s non-oil revenue soars to record ₦20.59 trillion, signals shift from oil dependency – Presidency
Presidency has reported a remarkable surge in Nigeria’s non-oil revenue, attributing the growth to strategic reforms aimed at The post Nigeria’s non-oil revenue soars to record ₦20.59 trillion, signals shift from oil dependency – Presidency appeared first on National Accord Newspaper.
Tinubu Hails Fiscal Reforms As Non-Oil Collections Account For 75% Of Government Revenues
President Bola Tinubu on Wednesday praised ongoing fiscal reforms after new data confirmed that non-oil revenue accounted for 75 percent of total government collections between January and August 2025. The Presidency reported that non-oil revenue reached ₦20.59 trillion in the first eight months of the year, a 40.5 percent increase from ₦14.6 trillion recorded in […] The post Tinubu Hails Fiscal Reforms as Non-Oil Collections Account for 75% of …
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