₦airaland Forum

JUST IN: Nigeria’s revenue jumped 411% in one year – NRS reveals


https://politicsnigeria.com/wp-content/uploads/2025/09/Zacch-Adedeji.jpg

The Nigeria Revenue Service has declared that federation revenues have risen more than fourfold in just over a year, driven mainly by non-oil collections.

Figures released by the Revenue Service chairman, Zach Adedeji, show receipts surged to ₦3.64 trillion in September 2025, compared to ₦711 billion in May 2023, a 411 percent increase.

Non-oil revenue rose sharply to ₦1.06 trillion from ₦151 billion, while oil receipts climbed to ₦644 billion from ₦96 billion. Customs duties and VAT collections also recorded significant growth.

The agency disclosed it collected ₦20.6 trillion in the first eight months of 2025, representing a 41 percent year-on-year increase, and well above its baseline growth target. Its full-year projection is ₦25.2 trillion, compared with ₦21.6 trillion realised in 2024.

Adedeji, while briefing state house journalists on Tuesday, defended Nigeria’s continued borrowing, insisting the loans remain within budget limits, are serviceable, and targeted at long-term national projects.

Source: https://politicsnigeria.com/just-in-nigerias-revenue-jumped-411-in-one-year-nrs-reveals

The problem is this ASTRONOMICAL increase in revenue does NOT translate to an increase in the WELFARE of the average Nigerian.

In fact, one could argue that the increase in government revenue is INVERSELY proportional to the standard of living of Nigerians.

The MORE money they make, the more money they TAKE from Nigerians.

The increase just means more for the CRIMINALS to LOOT.

Tinubu's cabals must be SALIVATING!

The last govt was really looting this country silly , I wonder where all the money went

Most of it from Lagos
Lagos feeding Nigeria since 1869

https://www.nairaland.com/4144976/lagos-1898before-nigeria-not-oil

This is not the kind of news Obidients wants to hear.
Give then the news of killing in Benue and see them swing into actions

SarkinYarki:
The last govt was really looting this country silly , I wonder where all the money went

buhari with all the looting ended up being far much better than this one with higher revenue but still borrowing here and there with nothing to show for it

So What exactly is driving the constant borrowing, and why has the debt threshold refused to shrink despite the increase in revenues?

Namaster:
The problem is this ASTRONOMICAL increase in revenue does NOT translate to an increase in the WELFARE of the average Nigerian.

In fact, one could argue that the increase in government revenue is INVERSELY proportional to the standard of living of Nigerians.

The MORE money they make, the more money they TAKE from Nigerians.

The increase just means more for the CRIMINALS to LOOT.

Tinubu's cabals must be SALIVATING!

Please go & help yourself, instead of looking 👀 for excuses.

kettykin:
So What exactly is driving the constant borrowing, and why has the debt threshold refused to shrink despite the increase in revenues?

U see only what u want to see.

SarkinYarki:
The last govt was really looting this country silly , I wonder where all the money went

this current govt came with empty bullion vans .as the CEO of bullion vans is in charge

Burob:
U see only what u want to see.

When Nigeria’s revenue soared during the Gulf War under Babangida, the nation felt it through massive infrastructure growth and reduced borrowing. Under Obasanjo, rising revenue cleared and renegotiated the Paris Club debt. But today, despite claims of increased revenue under the APC-led regime, the only growth we witness is in carefully curated illusions and whe. We ask questions, we ate told we see only what we want to see. What an era.

Ttalk:
This is the kind of news Obidients wants to hear.
Give then the news of killing in Benue and see them swing into actions

obidients live rent free in your skull, they love only good news as you said so why are you bitter

kettykin:
When Nigeria’s revenue soared during the Gulf War under Babangida, the nation felt it through massive infrastructure growth and reduced borrowing. Under Obasanjo, rising revenue cleared and renegotiated the Paris Club debt. But today, despite claims of increased revenue under the APC-led regime, the only growth we witness is in carefully curated illusions and whe. We ask questions, we ate told we see only what we want to see. What an era.

Nostalgia is sweet, 2020 hindsight is perfect, under Babaginda & Obasanjo, weren’t u still suffering?

If u like don’t go & help yourself to prosper, they wait for The FG that cannot do anything for u.

ogolemati:
obidients live rent free in your skull, they love only good news as you said so why are bitter

Dey play with your existence, no go help yourself.

Make Tinubu & APC from Abuja come help u? just wait, they will soon arrive with your aid package.

PO is "finished". I said it in May. If BAT achieved those 4 reforms in just 2 years, then he has 2 years to make good revenue...can then fund welfarism....nobody will be able to win him in 2027. Trader money will be child's play.
Truly the guy is miles ahead of his contemporaries. He Sabi!

The figures on paper are quite impressive but how long before it starts reflecting in the lives of nigerians

Lying 🤥 up and down will never solve the problem . If the economy is okay the people will feel it .

Is it only 411%, in fact it increase 1000% fold

useless propaganda

aribisala0:
Most of it from Lagos
Lagos feeding Nigeria since 1869

https://www.nairaland.com/4144976/lagos-1898before-nigeria-not-oil

Lagos was the captial, so the resources of Nigeria was used to build Lagos.

Without the resources of Nigeria, lagos will be a town of Area Boys, Thugs, Agberos, Touts & Alayes

That's why Most yoruba's are scared of Nigeria breaking up.

If Lagos was so good, they would love to be on their own.

And what is the impact on the economy as far as the average Nigerians are concerned? Now I get it, more allocations for politicians to loot.

Jagaban is cooking!

May Allah bless Nigeria!

May it be well with me and everyone who wants Nigeria to be great!

Na statistics we go chop is now cooking fake statistics like bishops and force feeding the poor masses.

Yet you can't complete the national library building...

We still have the highest number of out of school children

Ttalk:
This is not the kind of news Obidients wants to hear.
Give then the news of killing in Benue and see them swing into actions

convert it in dollars to know the truth. if you check, you will see that the money the make in a month has also increased but what is the purchasing power? and mind you, it is from May 2023 they said.

Make we tell ourselves the truth. As you can see, everything was quoted in naira.

Namaster:
The problem is this ASTRONOMICAL increase in revenue does NOT translate to an increase in the WELFARE of the average Nigerian.

In fact, one could argue that the increase in government revenue is INVERSELY proportional to the standard of living of Nigerians.

The MORE money they make, the more money they TAKE from Nigerians.

The increase just means more for the CRIMINALS to LOOT.

Tinubu's cabals must be SALIVATING!

Remove insecurities and self greed of many Nigerians then the impact of the economy will be felt. A nation where landlords increased rent by 100% or where bandits destroyed farmers activities. Once the issue of Banditry can be tackled and farmers return to farms without any fear, Nigeria will be great like never before

Namaster:
The problem is this ASTRONOMICAL increase in revenue does NOT translate to an increase in the WELFARE of the average Nigerian.

In fact, one could argue that the increase in government revenue is INVERSELY proportional to the standard of living of Nigerians.

The MORE money they make, the more money they TAKE from Nigerians.

The increase just means more for the CRIMINALS to LOOT.

Tinubu's cabals must be SALIVATING!

The figures are mostly cooked up, they're not real

heysquare:
Remove insecurities and self greed of many Nigerians then the impact of the economy will be felt. A nation where landlords increased rent by 100% or where bandits destroyed farmers activities. Once the issue of Banditry can be tackled and farmers return to farms without any fear, Nigeria will be great like never before

The issue is inflation. the purchasing power of naira is very low. they should use a stable currency to measure it and tell us the real value.

Through over taxing and over burden Nigerians with different increases here and there, and new one coming by 2026. Nigerians, hope your prepared?

DeltaOil:
Is it only 411%, in fact it increase 1000% fold

useless propaganda


Lagos was the captial, so the resources of Nigeria was used to build Lagos.

Without the resources of Nigeria, lagos will be a town of Area Boys, Thugs, Agberos, Touts & Alayes

That's why Most yoruba's are scared of Nigeria breaking up.

If Lagos was so good, they would love to be on their own.

Lagos state was not the capital
These resources of Nigeria are resources of Lagos
Lagos has always been a net contributor giving more than it receives

THAT IS THE POINT

Revenue jumped 411% right? No more subsidies being paid for petrol. So why has Tinubu's borrowing increased?

.
But has the standard of living of Nigerians jumped 411%? Or did it drop 411%? Anyway jump na jump, whether up or down.

Revenue collection is not an indication of good governance. Forget this IGR balablu by a certain section of the country.
.

Ttalk:
This is not the kind of news Obidients wants to hear.
Give then the news of killing in Benue and see them swing into actions

I'll keep telling you guys from a particular part of the country... I don't know what they bewitched you over there with, but the amount of money, a government is able to beat out of it's people, does not translate to good governance, or good standard of living.

All the time IGR IGR...