NIGERIA RECORDS HISTORIC NON-OIL REVENUE GROWTH, REDUCES OIL DEPENDENCE

Fiscal reforms and digital tax drive push Nigeria’s economy towards resilience and development.

The Presidency announced Nigeria’s non-oil revenue surged 40.5% to ₦20.59 trillion from January to August 2025, thanks to reforms in tax compliance and digital administration. President Tinubu highlighted this shift away from oil dependence, stressing improved fiscal discipline, record FAAC allocations topping ₦2 trillion monthly, and enhanced funding for states and local governments. The focus now is turning revenue gains into better schools, healthcare, infrastructure, and jobs for Nigerians.

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