Tinubu’s reforms drive record revenue growth – FIRS

Dr Zacch Adedeji, Chairman of FIRS, has credited Nigeria’s grounds gross maturation to bold fiscal reforms introduced by President Bola Tinubu’s administration, The Track News Nigeria has reported.

Adedeji revealed that national gross reached N3.64 trillion successful September 2025, a 411 per cent summation from N711 cardinal recorded successful May 2023.

Speaking with State House correspondents successful Abuja, helium outlined milestones reshaping Nigeria’s fiscal landscape, peculiarly the maturation of non-oil gross streams.

According to The Track News Nigeria, Zacch Adedeji noted that non-oil gross grew sharply from N151 cardinal to N1.06 trillion implicit a two-year period, marking a important displacement successful Nigeria’s net profile.

Oil gross besides roseate to N644 billion, portion VAT collections tripled to N723 billion, signalling stronger compliance and improved ratio crossed sectors.

The Track News Nigeria reported that Adedeji attributed the show to reforms that streamlined taxes, eased burdens connected SMEs, and introduced compliance tools similar e-invoicing and caller excise regulations.

He added that a presumptive taxation authorities volition soon seizure hard-to-tax sectors, portion authorities levies volition beryllium harmonised to grow the taxation base.

“Our extremity is to physique a fair, efficient, and sustainable taxation strategy that supports maturation and boosts capitalist confidence,” Adedeji stressed.

He confirmed that unbacked Ways and Means advances from the Central Bank person been halted, with the loans reclassified and treated arsenic national debt.

“The indebtedness is present collateralised. Both main and involvement are being repaid, ensuring speech complaint stableness and strategy confidence,” helium said.

Dismissing concerns astir borrowing, helium insisted it is simply a mean signifier captious for economical sustainability erstwhile decently legislated and directed towards infrastructure.

“Borrowing funds infrastructure that generates aboriginal taxation revenues from beneficiaries. This is simply a sustainable attack for semipermanent development,” helium explained successful a study published by The Track News Nigeria

Adedeji announced that Personal and Company Income Tax reforms volition statesman successful January 2026 to widen Nigeria’s gross basal further.

He reiterated that the reforms purpose to chopped borrowing reliance, fortify fiscal resilience, and prolong Nigeria’s economical maturation trajectory.

The station Tinubu’s reforms thrust grounds gross maturation – FIRS appeared archetypal connected Vanguard News.