Nigeria’s Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), and three other key revenue-generating agencies collectively amassed approximately ₦21.22 trillion in revenue during the first half of 2025. This significant achievement underscores the effectiveness of recent reforms and enhanced inter-agency collaboration.
The surge in revenue is attributed to several strategic measures, including improved technological deployment, streamlined operations, and intensified enforcement against revenue leakages. Notably, the NCS reported a record ₦1.75 trillion in revenue for Q1 2025, more than doubling its Q1 2023 collection of ₦600 billion. This remarkable growth was driven by enhanced efficiency and transparency, rather than increased import volumes.
In parallel, the FIRS has been undergoing significant reforms aimed at modernizing tax administration. These reforms include the establishment of the Nigeria Revenue Service (NRS), which consolidates various tax functions to simplify compliance and broaden the tax base. The NRS is also expanding its digital platforms to strengthen enforcement and improve revenue collection processes.
Additionally, the Nigerian government is implementing the National Single Window (NSW) project, a unified digital platform designed to connect all trade-related government agencies. This initiative aims to reduce bureaucratic bottlenecks, lower cargo clearance times, and enhance Nigeria’s competitiveness in global trade.
The combined efforts of these agencies reflect a concerted push towards economic reform and modernization, positioning Nigeria for sustained growth and improved fiscal health.