The presidency has declared that the nation was witnessing a historic shift in its public finances, with non-oil revenues driving the country’s strongest fiscal performance in decades.
Presidential spokesperson, Bayo Onanuga, who revealed the statistics, stated that between January and August 2025, total government collections peaked at N20.59 trillion, a 40.5 per cent increase compared with the N14.6 trillion recorded in the same period in 2024.
The figures were released same day President Bola Tinubu declared that his government’s bold economic reforms, which aim to restore Nigeria to its enviable position, were already yielding fruitful results.
According to the data from Onanuga, N15.69 trillion came from non-oil sources, accounting for three out of every four naira collected while describing the figures as a decisive break from decades of dependence on crude oil exports.
“This is a watershed moment for our economy. For the first time in decades, oil is no longer the dominant driver of government revenue. Reforms, compliance, and digitisation are powering a more resilient economy,” Onanuga stressed.
Tinubu had underscored the performance on Tuesday while receiving a delegation of the Buhari Organisation led by Senator Tanko Al-Makura at the State House, Abuja, saying the numbers are proof that government reforms to expand the revenue base and strengthen compliance are working.
He said: “We have laid the foundations for a fairer, stronger fiscal system that will deliver for all Nigerians.
