Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, said the service had achieved significant revenue improvements, as tax collections reached N22.59 trillion between January and September 2025.
Adedeji said the service also achieved a record-breaking revenue growth of N47.39 trillion between October 2023 and September this year, representing 115 per cent of its target.
Highlighting FIRS’ key achievements under his watch, he said 2025 represented a period of remarkable achievements and transformation, as non-oil revenue accounted for 76 per cent of total collections, reflecting diversification and reform success.
Giving a breakdown of key tax performance, Adedeji said oil tax revenue stood at N5.29 trillion, representing 98 per cent of target, while non-oil taxes stood at N17.3 trillion, representing 128 per cent of the target for the nine-month period and 76 per cent of total collection.
Non-import VAT accounted for 137 per cent of target while import VAT accounted 131 per cent of target. Adedeji further assured of fair implementation of the new tax laws, vowing that the service will meet and surpass government revenue target, continually pursue the digitalisation of tax processes, training and retraining of officers, as well as partnership with all stakeholders.
