The Federal Inland Revenue Service (FIRS) has revealed that it collected N20.62 trillion in tax revenue between January and August 2025.
Chairman of FIRS, Zacch Adedeji, spoke on Tuesday, while addressing reporters as the State House reporters in Abuja.
Adedeji said the figure represents an increase of 40.8 percent, compared to the corresponding period in 2024 and surpasses the baseline growth target of 16.4 percent set for the year.
He said the total revenue target for 2025 is N25.2 trillion.
“An evaluation of revenue collection performance as of August 31, 2025, indicates an upward trajectory relative to the corresponding period in 2024,” the chairman said.
“The growth rate stands at 40.8 percent, translating to N20.62 trillion, substantially exceeding the baseline growth target of 16.4 percent.
“This favourable increase highlights the accelerated pace of revenue collection against 2024 and highlights continued momentum toward achieving the 2025 revenue target.”
He said oil tax revenue stood at N4.98 trillion as of August 31, reflecting a 19.4 percent increase from the N4.18 trillion recorded in the same period of 2024.
Adedeji noted that non-oil tax revenue rose significantly to N15.67 trillion as of August 31, compared to N10.47 trillion in the same period of 2024 — representing a 49.7 percent increase.
“This increase once again underscores the strengthened tax compliance measures and enhanced enforcement strategies implemented by the service,” he said.
