Stakeholders commend Nigeria Revenue Service for N3.6 trillion revenue surge
via Punch Nigeria2 min read
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.
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US President Donald Trump on Wednesday criticized the Immigration and Customs Enforcement ICE decision to suspend traffic stops following two fatal shootings within a week. The Department of Homeland Security DHS halted the practice after a Colombian man was shot dead in Maine on Monday and a Mexican man was killed in Texas last week. Trump stated on Truth Social that traffic stops are a crucial crime-fighting tool and should not be abandoned, urging ICE to be judicious and resume their work. Tom Homan, Trump's border czar, confirmed a "pause" in traffic stops but maintained their effectiveness and anticipated their return. Rights groups identified the Maine victim as Joan Sebastian Guerrero, 26, a delivery driver authorized to work in the United States. Colombian leader Gustavo Petro called Guerrero's killing a "murder of a Latin American Colombian at the hands of the US government." In the Texas incident, immigration authorities claimed Lorenzo Salgado, 52, attempted to run over an ICE agent, an account disputed by witnesses. ICE agents have faced backlash for aggressive tactics and previous shooting deaths of US citizens in Minneapolis.
Must ReadThe Federal High Court in Abuja has ordered the final forfeiture of 48 properties linked to Abubakar Malami, a former Attorney General of the Federation and Minister of Justice, to the Federal Government. Justice Joyce Abdulmalik ruled that the Economic and Financial Crimes Commission EFCC had established reasonable suspicion that the assets were acquired with proceeds of unlawful activities. The court found that Malami, his family members, and associated companies failed to disprove the EFCC's allegations regarding the legitimacy of the funds used for acquisition. The properties are located in Abuja, Kano, Kebbi, and Kaduna states. This judgment follows an interim forfeiture order granted in January over 57 properties, with the EFCC alleging they were proceeds of unlawful activities valued at N212.8 billion. While 48 properties were ordered for final forfeiture, the interim forfeiture order for some others was discharged.
Must ReadThe Nigeria Hydrological Services Agency NIHSA has issued a flood advisory, indicating that 14 states face a medium flood risk between July 14 and July 20. Mr. Umar Mohammed, the Director-General of NIHSA, stated that this advisory is based on the agency's latest hydrological forecast, which predicts localized flooding along major river channels and identifies 16 high-risk monitoring stations. The states identified are Adamawa, Akwa Ibom, Anambra, Bauchi, Benue, Borno, Cross River, Edo, Enugu, Imo, Kaduna, Lagos, Niger, and Plateau. NIHSA warned that various local government areas and communities, including schools, health facilities, and markets, could be impacted without precautionary measures. Mohammed explained that the Annual Flood Outlook AFO provides flood predictions to aid disaster preparedness, response planning, and risk reduction. He urged state governments, emergency management agencies, and communities to enhance early warning systems, evacuation plans, and public awareness. Critical locations on the projected flood path include Saminaka on the Karam River, the Waya Dam site on the Waya River, and Amber on the Amber River. Residents in flood-prone areas are advised to relocate, clear drainage channels, avoid flooded roads, and stay informed by NIHSA's forecasts. Emergency management agencies are also encouraged to pre-position relief materials and activate community-based early warning systems to mitigate flood impacts.