Inflows into Nigeria’s federation account have surged to N23.06 trillion in the first 10 months of 2025, surpassing the gross total accruals of last year and that of 2023, according to the Revenue Mobilisation Allocation and Fiscal Commission (RMFAC).
Mohammed Shehu, chairman of the commission made this known while delivering his remarks on Monday in Abuja at a two-day National Stakeholders’ Discourse on “Enhancing Fiscal Efficiency and Revenue Growth Under the Nigeria Tax Act, 2025.”
Shehu said the 2025 revenue performance for the period between January to October beats the total N11.93 trillion recorded in 2023 and N21.43 trillion in 2024, highlighting the positive impact of the government’s fiscal and tax reforms aimed at boosting revenues.