Nigeria Revenue Service praised for record revenue growth
Economic stakeholders have commended the Nigeria Revenue Service for a significant rise in government revenue, attributing the progress to ongoing fiscal reforms. The Coalition for Fiscal Justice, Economic Renewal and Public Accountability, led by Dr Clarus Nnaemeka, highlighted the positive impact of these reforms on transparency and accountability. Zacch Adedeji, Executive Chairman of the NRS, was recognized for his leadership in expanding the tax base and improving compliance. The coalition emphasized that increased revenue could support critical sectors and reduce reliance on borrowing.
What we know
- The Federal Government disclosed that monthly revenue rose from N711bn in May 2023 to N3.635tn by September 2025, with total collections increasing from N6.41tn in 2021 to N28.79tn in 2025.
- Dr Clarus Nnaemeka praised the NRS and Zacch Adedeji for implementing reforms focused on transparency and accountability.
- The tax net has expanded to over 19 million taxpayers, including more than 800,000 companies.
- The coalition stated that improved revenue will allow greater investment in infrastructure, healthcare, education, and social protection.
- Calls were made for continued transparency in revenue utilization and stronger enforcement against tax evasion.
