Nigeria's Revenue Inflows Surge to N23 Trillion in 2025 Due to Tax Reforms
In 2025, the Chairman of the Commission, Dr. Moham Shehu, revealed that Nigeria's Federation Account experienced a growth in revenue inflows to N23 trillion, a substantial increase from N11.93 trillion in 2023 and N21.43 trillion in 2024. This growth was credited to fiscal reforms, improved revenue coordination, stronger audits, and enhanced compliance mechanisms.
The Nigeria Tax Act 2025 played a pivotal role in this revenue growth, with the Chairman of the Tax Reform Committee, Professor Taiwo Oyedel, emphasizing the need to streamline tax levies for operational efficiency. Dr. Jani Ibrahim of NACCIMA commended the reforms as a significant step towards revenue mobilization and fiscal sustainability in Nigeria.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
Read full article
Continue on Daily Trust
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria's Federation Account Hits N23.06 Trillion, Surpassing Previous Records
Nigeria Records $20.9 Billion Capital Inflows in 2025, Central Bank Governor Reveals
FAAC Reconciliations Inject N2.36tn into Federation Account in 9 Months
NNPC Remits N12.1 Trillion, Reports Stronger Revenue in 2025
NNPC Remits N16 Trillion to Federation, Expands CNG Stations in 2024
Nigeria's Fiscal Deficit Reaches N5.7 Trillion in First Half of 2025
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
