The Nigerian Government says that the country is firmly on track to meet its annual non-oil revenue target.
The statement released on Wednesday by the President’s Special Adviser on Information and Strategy, Mr Bayo Onanuga, said that the export figures showed a sharp rise in collections driven by fiscal reforms, tax compliance and digitised revenue systems.
It stated that the data released for January to August 2025, showed that non-oil revenues rose to N20.59tn, up 40.5 per cent from the N14.6tn recorded during the same period in 2024.
The Presidency noted that this represents the strongest fiscal performance in Nigeria’s recent history.
“Nigeria’s fiscal foundations are being reshaped. For the first time in decades, oil is no longer the dominant driver of government revenue,” Onanuga said.
It attributed the increase to structural reforms, including improved enforcement, Customs automation, and digital tax filings.
“The task ahead is to ensure these gains are felt in better schools, hospitals, roads, and jobs,” the statement said.
According to the statement, of the total collections, non-oil revenues now account for three out of every four naira, with N15.69tn coming from non-oil sources. It said Customs alone collected N3.68tn in the first half of 2025, N390bn above target, reflecting what it called “systemic changes, not one-off windfalls.”
GIK/APA