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Nigeria’s non-oil revenue hit N20.59 trillion or 40.5% rise in 8 months – Presidency
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Presidency on Wednesday, revealed that Nigeria’s non-oil collections between January to August 2025, total collections reached N20.59 trillion, a 40.5% increase from N14.6 trillion recorded in 2024, indicating a strong economic performance
The Presidency, while welcoming the latest revenue figures for January–August 2025, said Nigeria is achieving unprecedented growth in non-oil collections, which it attributes to the direct result of reforms to improve the government’s fiscal position, strengthen compliance, and digitise tax administration.
Recall that President Bola Tinubu had pointed reference to this positive growth trajectory in non-oil revenue mobilisation on Tuesday, while addressing a delegation of the Buhari Organisation led by Tanko Al-Makura, which a section of the media has reported out of context.
The President highlighted the significant growth in non-oil revenues accruing to the Federation, federal, state, and local governments.
Bayo Onanuga, presidential Spokesman, in a statement on Wednesday, stated that the January to August 2025, total collections reached N20.59 trillion, a 40.5% increase from N14.6 trillion recorded in 2024.
“This strong performance aligns with projections, placing the government firmly on course to achieve its annual non-oil revenue target.
“The President also said that the Federal Government is no longer borrowing from local banks to buttress the strong fiscal performance since the start of the year.
The commended the tax revenues, which do not include dollar oil receipts, where targets are not being met because of the slump in the crude oil market.
The President stated that as part of this administration’s inclusive growth policy, resources are being directed closer to the people.
“The increased revenues have translated into record FAAC disbursements. For the first time in history, monthly allocations to states and local governments crossed ₦2 trillion in July 2025, providing subnational governments with greater fiscal space to fund food security, infrastructure, and social services.
“Notwithstanding, these increases in revenues do not yet match the President’s ambitions for expenditures on education, health, and infrastructure; therefore, all efforts are being made to address these gaps”
Commenting on the figures, Bayo Onanuga, stated that, “Nigeria’s fiscal foundations are being reshaped. For the first time in decades, oil is no longer the dominant driver of government revenue. The combination of reforms, compliance, and digitisation powers a more resilient economy. The task ahead is to ensure that these gains are felt in the lives of our citizens and in better schools, hospitals, roads, and jobs.”
– Record Revenues: Nigeria mobilised ₦20.59 trillion in eight months, the most substantial collection in recent history.
– Non-Oil is Now the Engine: With ₦15.69 trillion collected, non-oil revenues account for three out of every four naira, showing a fundamental shift away from oil dependence.
– Beyond Inflation: While inflation and FX revaluation contributed, the uplift is primarily reform-driven — digitised filings, Customs automation, tighter enforcement, and broadened compliance.
On Customs overperformance, he stated that ₦3.68 trillion was collected in H1, ₦390 billion above target, adding that “this is already 56% of the full-year goal, reflecting systemic changes, not one-off windfalls.”
“States’ Fiscal Space Expanded: FAAC allocations reached ₦2 trillion in July for the first time, giving states resources to strengthen local development.
The government affirmed collections are ahead of pro-rata expectations, with final validation to be published by the Budget Office at the end of the year.
According to him ” Revenues are rising, the base is broadening, and reforms are working. The priority is translating these numbers into real relief for citizens by putting food on the table, creating jobs for young people, and investing in roads, schools, and hospitals.”
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Joint troop rescue 32 abductees as bandits flee during gun duel in Sokoto
Police operatives in Sokoto State, supported by troops of the Nigerian Army, have rescued 32 abductees after a fierce gun duel with armed bandits in Maikujera village, Rabah Local Government Area of the state.
Sources told Zagazola Makama that the operation followed a distress call received at about 8:30 a.m. on Monday by the Divisional Police Officer (DPO) of Rabah Division, reporting the movement of a large group of heavily armed bandits around the remote community bordering Zamfara State.
The intelligence indicated that the gunmen were moving with several kidnapped victims and rustled livestock while shooting indiscriminately to intimidate residents.
Upon receiving the report, the DPO immediately mobilised tactical assets, including personnel from the Anti-Kidnapping Unit and the Violent Crime Reaction Unit (VCRU), while coordinating with troops at a nearby Army Forward Operating Base (FOB).
Security forces swiftly established blocking positions along suspected escape routes to prevent the bandits from fleeing with their captives.
The combined team subsequently engaged the criminals in a prolonged exchange of gunfire, forcing the bandits to abandon both the kidnapped victims and the rustled livestock before escaping into the surrounding forest under sustained pressure from the security forces.
Following the encounter, security operatives conducted an extensive search of the bush and nearby communities to locate victims who had dispersed into the surrounding area while seeking safety.
The operation led to the successful rescue of 32 kidnapped victims, all of whom were recovered alive and without physical injuries.
The rescued victims comprised six adult males and 26 females, the majority of whom were children.
The victims were evacuated to a secure location where they are receiving medical attention and psychosocial support ahead of their reunification with their respective families.
However, Zagazola gathered that four residents were killed by the bandits during the initial attack on the community before the arrival of security personnel.
Reacting to the development, the Commissioner of Police in Sokoto State, CP Hayatu Hassan Shaffa, expressed condolences to the bereaved families and assured residents that security agencies were intensifying efforts to track down and apprehend the fleeing bandits.
He reaffirmed the command’s commitment to combating banditry, kidnapping and other violent crimes across the state, urging members of the public to remain vigilant and continue providing timely and credible information to security agencies.
The latest operation illustrates the growing synergy between the Nigeria Police Force and the Nigerian Army in responding to bandit attacks across communities in northwestern Nigeria, particularly along the Sokoto–Zamfara border, where criminal groups have continued to exploit difficult terrain to carry out kidnappings, cattle rustling and attacks on rural settlements. (Zagazola)
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Europe on fire: Over 300,000 dislocated from their homes
Over 300,000 people have been dislocated from their homes as devastating wildfires continue to sweep across Spain and parts of France, forcing mass evacuations and prompting the Spanish government to declare a national emergency.
Reports indicate that the fires have spread rapidly around Madrid and along Spain’s eastern coast, with new data showing that the rate of land burned across Europe has increased by 57 percent over the past four years.
According to the World Health Organisation (WHO) European Region, nearly 10,000 hectares have been destroyed in the Madrid region, while between 13,000 and 15,000 hectares have been consumed in the neighbouring Ávila province. Spain’s Interior Ministry also confirmed that the number of wildfires recorded in Spain and Portugal has more than doubled compared to the previous year.
The head of Madrid’s regional government described the current blaze as the worst ever experienced in the area.
In France, about 63,000 residents have been evacuated from the southern part of the country as multiple wildfires continue to burn simultaneously, destroying about 80 homes. France has requested international firefighting assistance through the European Union’s Civil Protection Mechanism.
WHO Europe noted that wildfires destroyed 2.2 million hectares of land across the region in 2025, up significantly from 1.4 million hectares in 2022, reflecting the impact of rising global temperatures.
Environmental campaign group 350.org said the crisis exposes the enormous cost of delaying action on fossil fuels.
Its global campaigner, Soraya Fettih, who lives near Bordeaux, said she was evacuated from her home as the fires approached the suburbs, describing skies filled with smoke and ash and communities forced to flee.
She criticised governments for continuing to subsidise fossil fuel companies while residents bear the cost of climate disasters. Fettih also pointed to TotalEnergies’ reported $11.2 billion profit in six months, saying communities are paying twice—through climate destruction and public funding that continues to support companies profiting from fossil fuels.
350.org noted that TotalEnergies recorded an adjusted net income of $6.03 billion in the second quarter of 2026, a 68 percent increase from the same period last year, largely due to stronger refining margins. The organisation stressed that while the full economic cost of the 2026 wildfire season is yet to be determined, the fires are being intensified by global warming linked to fossil fuel use.
It urged European governments to impose higher taxes on fossil fuels and introduce climate damage taxes on oil and gas profits to fund emergency response, recovery efforts and long-term resilience.
Meanwhile, the European Union has intensified support for both Spain and France. The European Commission confirmed that France has received five firefighting aircraft and two helicopters from the Czech Republic, Croatia, Portugal, Slovakia and Sweden, while additional helicopters from Germany and firefighting aircraft from Turkey are expected to join operations.
Spain has received six firefighting aircraft from Greece, Italy and Turkey, alongside three Portuguese ground teams made up of 134 firefighters and 41 vehicles. The Commission said the assistance is being coordinated and financed through the EU Civil Protection Mechanism.
EU Crisis Commissioner Hadja Lahbib said no country should have to face a disaster of such magnitude alone, assuring the people of France and Spain that Europe would continue to stand with them until the fires are fully extinguished.
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