The Federal Inland Revenue Service (FIRS) don record one massive tax collection of ₦47.39 trillion between October 2023 and September 2025, under the leadership of Chairman Zacch Adedeji.
This na record-breaking performance, as e pass their revenue target by 15% and show 115% improvement from the previous ₦21.97 trillion wey dem collect two years before.
FIRS say the increase come from both oil and non-oil sectors, as better tax reforms, digital monitoring, and strict enforcement don begin show results.
For inside the report, non-oil revenue make 76% of total money wey dem collect, while non-import VAT pass target by 137% and import VAT reach 131%.
Between January and September 2025, FIRS don collect ₦22.59 trillion, wey be 120% of their target and 90% of their annual goal.
Oil tax alone give ₦5.29 trillion, while non-oil tax bring ₦17.3 trillion, wey show strong compliance from companies and business owners.
Company Income Tax carry 32.6%, non-import VAT carry 23.2%, while Petroleum Profit and Hydrocarbon Tax carry 17.4% of the total revenue.
Adedeji thank Nigerians for supporting government tax efforts and talk say new digital systems like the National Single Window and E-Invoicing don make tax collection easier and transparent.
“Borrowing no mean say government no dey make money. Na part of our economic plan. If we collect ₦90,000 and borrow ₦10,000 inside a ₦100,000 budget, we still dey follow plan,” Adedeji yarn for Aso Villa.
FIRS believe say if dem maintain this pace, Nigeria fit pass ₦25.2 trillion target before December 2025, wey go help reduce borrowing, build roads, and boost development.
The agency come promise to keep improving transparency, make compliance easy, and ensure tax money go back into projects wey go better citizens’ lives.
