President Bola Tinubu on Wednesday declared that his administration has successfully met the nation’s 2025 revenue target ahead of schedule, attributing the achievement to ongoing fiscal reforms and improved economic management.
Speaking at a stakeholders’ forum in Abuja, Tinubu said the development was a clear indication that Nigeria’s economy was regaining stability despite global uncertainties and domestic challenges.
According to him, the federal government’s drive to expand the tax base, block revenue leakages, and strengthen key institutions has begun yielding tangible results.
I am pleased to inform Nigerians that we have not only met our 2025 revenue target but also laid a solid foundation for sustainable growth. This shows that our fiscal discipline, diversification agenda, and reforms are working,” the President stated.
Tinubu noted that agencies such as the Federal Inland Revenue Service (FIRS), Nigerian Customs Service (NCS), and Nigerian National Petroleum Company Limited (NNPCL) recorded significant improvements in remittances within the past year.
He added that the government would continue to invest in infrastructure, education, and health while ensuring that economic gains translate into better living conditions for citizens.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who also spoke at the event, explained that the milestone was achieved through strategic measures including digitization of revenue collection and closer monitoring of government-owned enterprises.
He assured that the government would remain committed to policies aimed at reducing inflation, stabilizing the naira, and promoting job creation.
Analysts say the revenue breakthrough, if sustained, could ease Nigeria’s dependence on borrowing and help fund critical projects.
