Nigeria’s internally generated revenue has surged dramatically, rising by 411 percent to N3.6 trillion in September 2025, compared with N711 billion in May 2023. The increase is documented in a federation revenue report shared by Sunday Dare, a special adviser to President Bola Ahmed Tinubu, on social media.
The report identifies several key sources of the growth: the Nigerian National Petroleum Company Limited, the Nigerian Upstream Petroleum Regulatory Commission, the Nigerian Customs Service, the Federal Inland Revenue Service, Value Added Tax, and the Electronic Money Transfer Levy. Together, these streams have propelled the country’s internally generated revenue to unprecedented levels.
Sunday Dare attributed the rise to the deliberate choices, bold reforms, and steady leadership of the Tinubu administration. He stressed that the achievement is not accidental but the result of strategic decisions and effective governance. Dare further described the revenue boost as a renewal of Nigeria’s economic promise, indicating that the administration is delivering on its commitments.
The 411 percent jump over a two‑year period marks a notable development and suggests a potential shift in Nigeria’s economic trajectory. Dare suggested that the increase may have averted a financial crisis and could have far‑reaching implications for the nation’s economic stability and development. As Nigeria continues to navigate its economic challenges, international observers and stakeholders will closely monitor the significance of this revenue growth.
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