Nigeria's Revenue Surges to N3.65 Trillion in Sept 2025, Up 411% - FIRS Report

Nigeria's federal revenue reached N3.65 trillion in September 2025, marking a remarkable 411% increase from N711 billion in May 2023. The Federal Inland Revenue Service (FIRS) announced this surge, attributing it to sweeping fiscal reforms and enhanced compliance mechanisms under the current administration.

Notably, oil revenue rose, VAT collections tripled, and key sectors like the Nigerian Upstream Petroleum Regulatory Commission and Nigeria Customs Service saw significant revenue growth. This surge reflects Nigeria's progress towards economic diversification and a strategic shift in revenue architecture.