Tuesday, 28 October 2025

FIRS records N22.6tn tax revenue as non-oil collections hit 76%

By Enitan Ajebukola Ajewumi on October 28, 2025

The Federal Inland Revenue Service (FIRS) has reported a total tax revenue of N22.59 trillion between January and September 2025, with non-oil collections accounting for 76 percent of the total, reflecting progress in Nigeria's diversification drive.

Chairman of the agency, Dr. Zacch Adedeji, disclosed this while presenting FIRS' performance report, noting that total revenue collection between October 2023 and September 2025 stood at N47.39 trillion, representing 115 percent of the service's target.

Adedeji said the performance underscores the success of ongoing reforms aimed at improving efficiency, compliance, and automation of tax administration. Oil revenue during the period stood at N5.29 trillion, while non-oil taxes contributed N17.3 trillion, surpassing the target by 128 percent.

He said: "Non-oil VAT accounted for 137 percent of its target, while import VAT achieved 131 percent, reflecting stronger compliance and wider coverage."

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The FIRS boss reaffirmed the service's commitment to fair tax administration, stakeholder collaboration, and the digitalisation of tax processes. He also highlighted progress on key initiatives, including the National Single Window Project, e-Invoicing Solution, and the *USSD 829# tax service, which allows taxpayers to retrieve TINs, verify certificates, and make enquiries directly from their mobile phones.

Adedeji further announced that the FIRS will transition into the Nigeria Revenue Service (NRS) on January 1, 2026, expanding its mandate to collect non-tax revenues from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC).

He said, "Our focus remains on trust, transparency, and technology-driven service delivery. We are building a modern, efficient, and inclusive tax system that supports national development."

The FIRS has also advanced international tax cooperation through new agreements and negotiations with countries including Belgium, France, the Netherlands, Hong Kong, and Saudi Arabia, aimed at improving cross-border compliance and information exchange.