The Presidency has said Nigeria is firmly on track to meet its annual non-oil revenue target.
A statement signed on Wednesday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, cited new figures showing a sharp rise in collections driven by fiscal reforms, tax compliance, and digitised revenue systems.
The statement was titled ‘Nigeria’s Non-oil Revenues Power Strongest Fiscal Performance In Recent History.’ According to data released for January to August 2025, 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 said 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,” said Onanuga.
The Presidency credited the increase to structural reforms, including improved enforcement, Customs automation, and digital tax filings, adding that “the task ahead is to ensure these gains are felt in better schools, hospitals, roads, and jobs.”
