The Federal Inland Revenue Service (FIRS) has announced that it collected a total of ₦22.59 trillion in tax revenue between January and September 2025, bringing its total collection over the past two years to ₦47.39 trillion.
The Executive Chairman of FIRS, Zacch Adedeji, disclosed this in Abuja on Monday while presenting the agency’s performance report for the period under review. He described the achievement as a reflection of Nigeria’s improving tax administration and the government’s renewed focus on non-oil revenue generation.
According to Adedeji, the 2025 collection represents a 19% increase compared to the same period in 2024, driven largely by improved compliance enforcement, digital tax systems, and enhanced monitoring of multinational companies operating in the country.
He noted that the FIRS has made significant progress in automating tax processes and broadening the tax net, especially among the informal and digital sectors. “Our reforms are yielding results. We have strengthened data-driven compliance, improved transparency, and enhanced taxpayer confidence,” Adedeji said.
A breakdown of the figures showed that non-oil taxes accounted for 67% of the total collection, while oil-related taxes contributed 33%. Key sources of non-oil revenue included company income tax, value-added tax (VAT), and customs duties.
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Adedeji said the agency is on track to surpass its ₦25 trillion annual target, emphasizing that the growth in tax revenue would help fund critical infrastructure and social programmes under President Bola Tinubu’s economic recovery plan. “The FIRS remains committed to mobilizing domestic resources to support national development and reduce dependence on borrowing,” he added.
Economic analysts have hailed the development as a positive sign for Nigeria’s fiscal stability, noting that sustained growth in non-oil revenue could ease budgetary pressures and support the government’s drive for self-sufficiency. However, they also cautioned that persistent inflation and exchange rate volatility could affect future tax yields if not managed properly.
The FIRS boss reaffirmed the agency’s commitment to transparency and accountability, pledging that all collections would be efficiently remitted to the Federation Account. He also urged taxpayers to fulfill their civic obligations promptly, noting that compliance is key to sustaining national growth.
With the strong revenue performance, the FIRS has solidified its position as one of Nigeria’s best-performing government agencies, playing a central role in the country’s economic reform agenda.