The Nigerian government has recorded a 40% rise in its quarterly revenue, reaching ₦6.9 trillion in Q1 2025, as part of a broader fiscal reform effort aimed at improving transparency, accountability, and economic growth.
Finance Minister and Coordinating Minister for the Economy, Wale Edun, revealed the figures at a public engagement session in Abuja, noting that policy shifts, greater use of technology, and exchange rate adjustments played key roles in the increase from ₦5.2 trillion last year.
“Our focus has been on closing financial leakages and strengthening revenue collection systems. This is paying off,” Edun told participants. He added that the government’s new approach had improved fiscal discipline, slashing the debt-to-revenue ratio to 60% and eliminating dependency on emergency central bank loans.
Edun said the administration remains dedicated to economic expansion, with a renewed focus on agriculture, manufacturing, and service sectors. He highlighted Shell’s $5.5 billion commitment to oil production as a sign of growing investor confidence in Nigeria’s policy environment.
Also speaking at the event, Dr Armstrong Takang, CEO of the Ministry of Finance Incorporated (MOFI), announced that government assets under management now total ₦38 trillion, following the review of just 20 portfolio companies. He unveiled plans to launch a publicly accessible National Asset Register to enhance transparency and attract further investment.
