Economic stakeholders on Thursday commended the Nigeria Revenue Service over the surge in government revenue, describing it as evidence that ongoing fiscal reforms are yielding positive results.
The group, under the aegis of the Coalition for Fiscal Justice, Economic Renewal and Public Accountability, gave the commendation in a statement issued by its National President, Dr Clarus Nnaemeka.
The commendation followed the Federal Government’s disclosure that monthly revenue rose from N711bn in May 2023 to N3.635tn by September 2025, while total collections increased from N6.41tn in 2021 to N28.79tn in 2025.
Nnaemeka praised the leadership of the NRS and its Executive Chairman, Zacch Adedeji, for implementing reforms aimed at improving transparency and accountability.
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“For decades, Nigeria grappled with a narrow revenue base, systemic leakages, and weak tax compliance. What we are witnessing today is a deliberate shift towards a more transparent, technology-driven, and accountability-focused system that is gradually restoring confidence in public finance management,” he said.
He noted that the expansion of the tax net to over 19 million taxpayers, including more than 800,000 companies, represents a significant step towards reducing dependence on oil revenue.
The coalition stated that improved revenue would enable the government to invest more in critical sectors such as infrastructure, healthcare, education, and social protection.
“When revenue improves in a transparent and accountable manner, it strengthens the government’s capacity to fund public goods.
“This translates, over time, into better roads, more functional hospitals, improved schools, and targeted interventions for vulnerable populations,” the statement read.
It added that increased revenue could also reduce borrowing and contribute to economic stability.
“A tax system perceived as fair is more likely to command voluntary compliance. This is critical for building a sustainable revenue culture where citizens see taxation not as a burden, but as a civic responsibility tied to visible national development,” Nnaemeka added.
However, the group urged the government to ensure transparency in the utilisation of the funds.
“It is not enough to collect more; the government must also spend efficiently. Transparency in revenue utilisation will ultimately determine whether these reforms translate into sustained public trust.”
The coalition also called on the NRS to strengthen enforcement against tax evasion and sustain the use of technology to block leakages.
“What is emerging is the foundation of a new fiscal contract between the state and its citizens. If sustained, it holds the promise of aligning national prosperity with the everyday realities of Nigerians,” the statement added.