Tinubu’s Reforms Drive Nigeria’s Revenue Surge to N3.6 Trillion — 411% Jump in Two Years

|By Adejumo Adekunle

Nigeria’s internally generated revenue skyrocketed by 411 percent, hitting N3.6 trillion in September 2025, compared to N711 billion in May 2023, official records show.

The data, contained in a federation revenue document released on Tuesday by Sunday Dare, Special Adviser to President Bola Ahmed Tinubu, highlighted major contributions from the Nigerian National Petroleum Company Limited, the Nigerian Upstream Petroleum Regulatory Commission, the Nigeria Customs Service, the Federal Inland Revenue Service, Value Added Tax, and the Electronic Money Transfer Levy.

Reacting to the figures, Dare said Tinubu’s administration had steered Nigeria away from a looming financial crisis through decisive reforms.

“This leap is not an accident. It is the product of deliberate choices, bold reforms, and the steady hand of leadership,” Dare wrote on X (formerly Twitter).

He described the sharp increase as more than just a fiscal milestone, calling it a “renewal of Nigeria’s economic promise” under Tinubu’s leadership.