Non-oil revenue surges under Tinubu’s reforms, boosting Nigeria’s fiscal health and funding key public services
Non-oil revenue in Nigeria is experiencing an unprecedented surge under President Bola Tinubu’s leadership, with new figures showing a 40.5% increase in collections from January to August 2025.
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This strong fiscal performance highlights the impact of bold reforms, tax compliance efforts, and digitized revenue systems.
The Presidency, through a statement by Special Adviser Bayo Onanuga, revealed that non-oil revenues rose to N20.59 trillion, up from N14.6 trillion during the same period last year.
Onanuga described this as “the strongest fiscal performance in Nigeria’s recent history,” signaling a major shift as oil ceases to dominate government revenue.
Key drivers behind this growth include enhanced enforcement mechanisms, Customs automation, and digital tax filings.
Customs alone collected N3.68 trillion in the first half of 2025, surpassing targets by N390 billion. The Presidency emphasized these results reflect systemic changes rather than temporary gains.
President Tinubu noted that the government is no longer borrowing from local banks, easing pressure on domestic credit markets—a positive sign for Nigeria’s financial stability.
Additionally, monthly allocations to states and local governments crossed N2 trillion in July for the first time, empowering sub-national entities to invest in infrastructure, agriculture, and social services.
Despite challenges in oil revenue due to price drops and production issues, the non-oil revenue growth provides a promising foundation for economic resilience.
The government aims to translate these fiscal gains into tangible improvements like better schools, hospitals, roads, and job creation.
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The Presidency remains optimistic that ongoing reforms will sustain this momentum, broadening the revenue base and fostering inclusive growth aligned with President Tinubu’s agenda.
