Nigeria’s Revenue Surges 411% to ₦3.6tn Under Tinubu

Nigeria’s internally generated revenue rose sharply by 411 per cent, reaching ₦3.6 trillion in September 2025, compared to ₦711 billion recorded in May 2023. This was disclosed in a federation revenue report shared on Tuesday by Sunday Dare, Special Adviser to President Bola Ahmed Tinubu, via X.

According to the report, the revenue was pooled from multiple sources, including the Nigerian National Petroleum Company Limited (NNPC), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Customs Service, the Federal Inland Revenue Service (FIRS), Value Added Tax (VAT), and the Electronic Money Transfer Levy.

Reacting to the development, Dare described the surge as a testament to the administration’s reforms and fiscal discipline. He noted that the increase helped avert a looming financial crisis for the country within the review period.

“This leap is not an accident. It is the result of deliberate choices, bold reforms, and steady leadership,” Dare said. He added that the achievement reflects not just a “revenue revolution,” but also the renewal of Nigeria’s economic promise under President Tinubu.