Nigeria recorded ₦20.59 trillion in non-oil revenue within the first eight months of 2025, exceeding the federal government’s full-year projection and representing a major shift in the country’s fiscal structure.
Official data released by the Presidency on Wednesday confirmed that the performance represents a 40.5 percent increase from the ₦14.6 trillion reported in the same period of 2024.
The administration attributed the outcome to reforms in tax administration, stricter compliance measures, and the digitisation of government revenue systems.
The Nigeria Customs Service (NCS) delivered ₦3.68 trillion in the first half of the year, ₦390 billion above target.
The figure represents 56 percent of the service’s annual goal and shows improvements in customs automation and enforcement processes.
The Presidency noted that three out of every four naira collected in the period came from non-oil sources, reflecting a structural departure from decades of dependence on crude oil receipts.
For the first time, allocations from the Federation Account Allocation Committee (FAAC) surpassed ₦2 trillion in July 2025.
This development provided states and local governments with increased fiscal space to address infrastructure gaps, food security, and social services.
The Presidency said the stronger revenue mobilisation has reduced the federal government’s need to borrow domestically, a trend consistent since the beginning of the year.
According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, the figures demonstrate that reforms are broadening Nigeria’s revenue base.
He explained that while inflation and foreign exchange adjustments contributed, the primary uplift was reform-driven, led by compliance enforcement and the rollout of digital filing systems.
Onanuga added that the improved fiscal position has set the stage for larger investments in health, education, and infrastructure, though current revenues still fall short of the administration’s expenditure ambitions.
The Presidency stated that the Budget Office will publish final validated figures at the end of the year but affirmed that collections are already ahead of pro-rata expectations.
It stressed that the priority now is to ensure the fiscal gains translate into visible impact on jobs, food supply, and public services.
The government maintains that Nigeria’s fiscal foundations are being redefined with oil no longer the primary source of state revenue.