Nigeria’s Non-Oil Revenue Increases To ₦20.6tn

Nigeria’s non-oil revenue has seen a significant surge, reaching ₦20.59 trillion between January and August 2025, representing a 40.5% increase from ₦14.6 trillion in the same period last year. This growth is attributed to various reforms implemented by the government, including

In a statement by Spokesperson to President Bola Tinubu, Bayo Onanuga, on Wednesday said the increase was a direct result of reforms to improve the government’s fiscal position, strengthen compliance, and digitise tax administration.

Tinubu made a pointed reference to this positive growth trajectory in non-oil revenue mobilisation statistics released while addressing a delegation of the Buhari Organisation led by Senator Tanko Al-Makura.

“This strong performance aligns with projections, placing the government firmly on course to achieve its annual non-oil revenue target,” Tinubu noted.