Stakeholders commend Nigeria Revenue Service for N3.6 trillion revenue surge

Economic stakeholders, under the Coalition for Fiscal Justice, Economic Renewal and Public Accountability, have commended the Nigeria Revenue Service NRS for a significant increase in government revenue. The group, led by its National President, Dr. Clarus Nnaemeka, stated that this surge indicates positive results from ongoing fiscal reforms. The Federal Government reported that monthly revenue rose from N711 billion in May 2023 to N3.635 trillion by September 2025, with total collections increasing from N6.41 trillion in 2021 to N28.79 trillion in 2025. Nnaemeka praised the NRS leadership and its Executive Chairman, Zacch Adedeji, for implementing reforms aimed at improving transparency and accountability. He noted that the expansion of the tax net to over 19 million taxpayers, including more than 800,000 companies, is a step towards reducing reliance on oil revenue. The coalition believes that improved revenue will enable the government to invest more in critical sectors such as infrastructure, healthcare, education, and social protection, and could also reduce borrowing and contribute to economic stability. The group urged the government to ensure transparency in the use of these funds and called on the NRS to strengthen enforcement against tax evasion and continue using technology to prevent leakages.