FG’s Revenue Rises 40% to N6.9tn in Four Months – Finance Minister Wale Edun
The Federal Government of Nigeria has recorded a 40% revenue increase, collecting N6.9 trillion between January and April 2025, compared to N5.2 trillion in the same period of 2024.
Finance Minister Wale Edun attributed the rise to President Tinubu’s economic reforms, including:
Liberalisation of the foreign exchange market
Elimination of arbitrage in the black market
Use of technology to block financial leakages
Macroeconomic discipline across MDAs
He declared that the dollar black market has been largely dismantled, with the naira now driven by market forces. This, he said, has restored credibility, reduced distortions, and improved investor confidence—evident in recent deals like Shell’s $5.5bn oil investment.
Edun explained that the reforms were being implemented in three phases:
1. Removing pricing distortions
2. Stabilising the macroeconomy
3. Driving inclusive and sustained growth
