According to a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Nigeria Customs Service (NCS) contributed ₦3.68 trillion in the first half of the year, exceeding its target by ₦390 billion and achieving 56 percent of its full-year goal.
The Presidency described the development as Nigeria’s strongest fiscal performance in recent history, attributing the gains to reforms aimed at strengthening compliance, digitising tax administration, and improving fiscal management.
President Bola Tinubu, while addressing a delegation of the Buhari Organisation led by Senator Tanko Al-Makura, highlighted the significant progress. He noted that the non-oil sector recorded a 40.5 percent increase compared to ₦14.6 trillion in the same period of 2024, and that the Federal Government has not borrowed from local banks since the start of the year.
The statement added that the improved revenues boosted allocations to states and local governments. For the first time, monthly disbursements by the Federation Account Allocation Committee (FAAC) crossed ₦2 trillion in July 2025, expanding fiscal space for subnational governments to invest in food security, infrastructure, and social services.
Onanuga stressed that Nigeria’s fiscal foundations are being reshaped, with non-oil revenue now accounting for three out of every four naira collected. He explained that the surge was largely driven by systemic reforms including digitised tax filings, Customs automation, and tighter enforcement rather than one-off windfalls.
While acknowledging that rising revenues still fall short of the President’s ambitions for education, health, and infrastructure, the Presidency said efforts are ongoing to close the gap.
“The task ahead is to ensure that these gains translate into tangible improvements in the lives of Nigerians in better schools, hospitals, roads, jobs, and affordable food,” Onanuga said.
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