Nigeria’s revenue rises by 411% as FIRS chair defends continued borrowing

Nigeria’s revenue collection has surged to N3.64 trillion as of September 2025, representing a 411 per cent increase from N711 billion in May 2023, the Federal Inland Revenue Service (FIRS) announced on Tuesday. Despite this growth, the Federal Government under President Bola Ahmed Tinubu plans to continue borrowing as part of its broader economic and fiscal strategy, FIRS Executive Chairman Zacch Adedeji said.