Nigeria’s non-oil revenue rose to N20.6tn between January and August 2025, a 40% jump compared with N14.6tn in the same period last year, the Presidency announced on Wednesday.

Presidential aide Bayo Onanuga said the growth reflects the impact of fiscal reforms, improved tax compliance, digitised collection systems, and stronger Customs enforcement. Customs revenue alone reached N3.68tn in the first half of 2025, surpassing its target by nearly N400bn.

Onanuga described the development as Nigeria’s strongest fiscal showing in decades, noting that government income is now driven more by non-oil sources than crude. Non-oil collections accounted for three-quarters of total revenue during the period.

President Bola Tinubu welcomed the trend as a sign of stronger financial stability, stressing that government borrowing from local banks has stopped, easing pressure on domestic credit.

The rise in non-oil receipts also boosted Federation Account allocations, with July disbursements to states and local councils crossing N2tn for the first time. Officials said this gives states more room to expand spending on infrastructure, healthcare, agriculture, and education.

Despite weaker oil prices and lower crude output weighing on petroleum revenue, the Presidency insisted the non-oil gains show reforms are working. Final revenue figures for the year will be confirmed by the Budget Office.