FG Generates ₦20.59trn from Non-Oil Revenue in Eight Months
Abuja — The Presidency on Wednesday announced that Nigeria earned ₦20.59 trillion from non-oil revenue between January and August 2025, surpassing the federal government’s revenue projections for the year.
According to a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the impressive performance reflects the impact of ongoing fiscal reforms, improved tax compliance, and digitisation of revenue processes.
The statement, titled “Nigeria’s Non-Oil Revenues Power Strongest Fiscal Performance in Recent History”, also disclosed that the Nigeria Customs Service (NCS) generated ₦3.68 trillion in the first half of the year — ₦390 billion above target and already 56 percent of its annual goal.
Onanuga said the development has boosted allocations from the Federation Account Allocation Committee (FAAC), noting that for the first time in history, monthly disbursements to states and local governments exceeded ₦2 trillion in July 2025.
Quoting President Bola Tinubu, the statement said:
“Nigeria is achieving unprecedented growth in non-oil collections. This is a direct result of reforms to strengthen fiscal performance, enhance compliance, and digitise tax administration. From January to August 2025, collections hit ₦20.59 trillion, a 40.5% increase from the ₦14.6 trillion recorded in 2024.”
The President stressed that the Federal Government is no longer relying on local bank borrowing to finance operations, describing the fiscal performance as evidence of resilience despite fluctuations in the global oil market.
While acknowledging that rising revenues have yet to fully meet expenditure needs in education, healthcare, and infrastructure, Tinubu assured that efforts are underway to close the gaps.
Onanuga further highlighted a fundamental shift in Nigeria’s revenue structure, pointing out that non-oil revenue now accounts for three out of every four naira earned, with ₦15.69 trillion collected from non-oil sources alone.
He explained that while inflation and exchange rate revaluation played a role, the surge was mainly reform-driven, citing digitised tax filings, Customs automation, tighter enforcement, and broadened compliance as key drivers.
“For the first time in decades, oil is no longer the dominant driver of government revenue. The task ahead is to ensure these gains translate into tangible improvements — better schools, hospitals, roads, jobs, and food security,” Onanuga added.
The Presidency described the ₦20.59 trillion revenue mobilized in eight months as “the most substantial collection in Nigeria’s recent history,” affirming that the figures place the government firmly on track to meet its full-year non-oil revenue target.
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