NRS raised tax revenue from N711b to N3.6tr in two years
The Federal Government has outlined major gains from its revenue and tax reforms, with monthly revenue collections rising by 411.3 per cent in just over two years. Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, said total monthly revenue grew from N711 billion in May 2023 to N3.635 trillion by September 2025, driven by stronger collections across key agencies. He spoke in Abuja at the inauguration of the new NRS headquarters, an event attended by President Bola Ahmed Tinubu and top officials from the executive, legislature and states. Data from the NRS showed that total annual revenue climbed from N6.41 trillion in 2021 to N28.79 trillion in 2025, more than a fourfold increase over the period. The tax system has also expanded significantly, with over 19 million taxpayers now on the register and about 814,000 new corporate taxpayers […]