Nigeria’s non-oil sector generated ₦20.59 trillion between January and August 2025, surpassing government targets and marking a 40% increase over the same period last year.
This is according to the Presidency, which attributed the performance to reforms in tax compliance and digitisation. This, it added, has eased borrowing pressures and expanded allocations to states and local councils through FAAC.
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The Nigeria Customs Service contributed significantly, raising ₦3.68 trillion in the first half of the year, ₦390 billion above target. For the first time, monthly FAAC disbursements exceeded ₦2 trillion, giving states greater resources to fund food security, infrastructure, and social services.
Presidential spokesman Bayo Onanuga said the fiscal shift represents a historic break from oil dependence, with three-quarters of revenues now drawn from non-oil sources. He noted that while progress is strong, further investment is needed in education, healthcare, and infrastructure to match citizens’ expectations.
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