Nigeria has recorded its strongest fiscal performance in recent history, with revenues reaching ₦20.59 trillion between January and August 2025 — a 40.5% increase from last year.
Significantly, non-oil revenues contributed ₦15.69 trillion, accounting for three-quarters of total collections and underscoring a decisive shift away from oil dependence.
This reform-driven growth, enabled by tax digitisation, Customs automation, and tighter compliance, has also allowed the Federal Government to avoid borrowing from local banks.
For the first time, FAAC disbursements to states exceeded ₦2 trillion in July, expanding subnational fiscal capacity for infrastructure, food security, and social services.
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