FIRS Shatters Records with ₦47.39 Trillion Tax Collection in Two Years

FIRS Shatters Records with ₦47.39 Trillion Tax Collection in Two Years

The Federal Inland Revenue Service (FIRS) has announced a historic tax collection of ₦47.39 trillion between October 2023 and September 2025, surpassing its target by 115% and setting a new benchmark for revenue generation in Nigeria. Dr. Zacch Adedeji, FIRS Chairman, revealed the figures during a press briefing, highlighting the agency’s transformative reforms and modernization efforts.The staggering sum, which dwarfs the ₦21.97 trillion collected in the previous two-year period (October 2021–September 2023), reflects a robust increase in both oil and non-oil revenue streams. Notably, ₦22.59 trillion of the total was amassed in the first nine months of 2025 alone, driven by enhanced compliance, innovative e-invoicing systems, and expanded tax net initiatives.He credited the success to strategic policies, including digital tools for real-time tax monitoring and partnerships with businesses to simplify compliance.

Source: FIRS Shatters Records with ₦47.39 Trillion Tax Collection in Two Years

 - NigerianEye
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