FIRS declares unprecedented 411% revenue collection surge

0
14

4th from left: FIRS Chairman Zacheus Adedeji during the Meet the Press interactive session in Abuja.

By Tope Rotimi

The Federal Inland Revenue Services (FIRS) has declared an unprecedented increase in tax revenue collection.

FIRS Chairman Zacheus Adedeji, announced the development during a Meet The Press interactive session in Abuja.

- Advertisement -

He said that the Nigerian National Petroleum Corporation Limited (NNPC) remitted an unprecedented 111 billion naira revenue ahead of Nigeria’s new tax era’s Jan. 2026 effective date.

Adedeji unveiled shocking revenue milestones that have redefined Nigeria’s fiscal story, going forward.

The figures indicated a jaw-dropping revenue surge from 711 billion naira in May 2023 to 3.635 trillion naira in Sept. 2025 as follows:

FIRS Oil Collections

From N96bn to N644bn (+571 per cent).

Non-Oil Revenue

From N151bn to N1.056trn (+599 per cent).

NUPRC

+496 per cent.

Customs

+204 per cent.

VAT

+232 per cent.

EMTL

+127 per cent.

NNPC

First-ever remittance of N111bn

According to Adedeji, these gains prove reforms and compliance are working.

He assured that from Jan. 2026 the new tax measures will not burden citizens but boost efficiency, widen the tax base, and safeguard Nigeria’s fiscal future.

Advertisement
Previous articleDon urges ECOWAS to tackle terrorism scourge through AI technology
Next articleDiaspora link: European-African chamber to invest $250m in Edo 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.