BY SEYE ADELEYE—-Nigeria’s internally generated revenue has risen to 411 per cent to N3.6 trillion in September 2025, up from N711 billion in May 2023.
This is according to the federation revenue document shared by Sunday Dare, a special adviser to President Bola Ahmed, released on on his X handle on Tuesday.
The document showed that revenue came from the country’s revenue sources, including the Nigerian National Petroleum Company Limited, the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian Customs Service, the Federal Inland Revenue, the Value Added Tax, and the Electronic Money Transfer Levy.
Reacting, in a statement on X, Dare said the President Tinubu administration has averted what would have been a financial crisis for Nigeria in the period under review.
“This leap is not an accident. It is the product of deliberate choices, bold reforms, and the steady hand of leadership,” he wrote.
“This is not just a revenue revolution. This is a renewal of Nigeria’s economic promise. And under the leadership of President Bola Ahmed Tinubu, the promise is being kept,” he added.
