Nigeria’s 2024 Revenue Surges 68% To ₦20.9 Trillion — Budget
October 26, 2025
5:32 pm
Nigerian Federal Government records ₦20.9 trillion in total revenue for 2024, boosted by strong non-oil earnings despite shortfall from oil sector estimates.
Nigeria’s federal government recorded a sharp 68 percent increase in total revenue in 2024, reaching ₦20.98 trillion, according to new data released by the Budget Office of the Federation.
The figure represents a significant rise from the ₦12.48 trillion generated in 2023 but remains ₦4.89 trillion, or nearly 19 percent, below the government’s full-year revenue target of ₦25.87 trillion. The data was published in the Budget Office’s fourth-quarter budget implementation report released on Thursday October 23, 2025.
The …
