Adedeji: FIRS Collected N22.59tn in 9 Months, N47.39tn in 2 Years

Says service transformation to Nigeria Revenue Service will expand mandate to include non-tax revenue collection from NUPRC

•Assures on fair implementation of new tax laws, simplification and revenue maximisation, others

James Emejo in Abuja

Chairman, Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, said the service had achieved significant revenue improvements, as tax collections reached N22.59 trillion between January and September 2025.

Adedeji said the service also achieved a record-breaking revenue growth of N47.39 trillion between October 2023 and September this year, representing 115 per cent of its target.

Highlighting FIRS’ key achievements under his watch, he said 2025 represented a period of remarkable achievements and transformation, as non-oil revenue accounted for 76 per cent of total collections, reflecting diversification and reform success.

Giving a breakdown of key tax performance, Adedeji said oil tax revenue stood at N5.29 trillion, representing 98 per cent of target, while non-oil taxes stood at N17.3 trillion, representing 128 per cent of the target for the nine-month period and 76 per cent of total collection.

Non-import VAT accounted for 137 per cent of target while import VAT accounted 131 per cent of target.

Adedeji further assured of fair implementation of the new tax laws, vowing that the service will meet and surpass government revenue target, continually pursue the digitalisation of tax processes, training and retraining of officers, as well as partnership with all stakeholders.

He said FIRS’ proposed transformation to the Nigeria Revenue Service (NRS), effective January 1, 2026, will expand the agency’s mandate to include non-tax revenue collection from Nigeria Upstream Petroleum Regulatory Commission (NUPRC).

Adedeji stated that building on the foundations laid during his first year in office, the service had continued to strengthen the country’s tax administration through strategic reforms, technological innovation, and enhanced operational efficiency.

He said during the period, the service not only met its revenue targets but also advanced several landmark initiatives that were reshaping the fiscal landscape.

Key milestones included meeting and sustaining revenue collection targets through improved efficiency and compliance measures, and passage of key tax reform acts designed to modernise Nigeria’s tax framework and promote transparency.

Under his watch, Adedeji said the service drove the implementation of National Single Window Project to simplify and harmonise trade and tax processes, as well as the launch of the e-invoicing system to enhance accuracy, accountability, and digital integration in tax collection.

He said the tax policy consisted of a tripod – basically the development of sound and inclusive tax policies that support national growth and fiscal stability; promoting fairness, broadening the tax base, and aligning policy direction with the country’s long-term economic objectives.

The FIRS chairman further clarified that recent tax reforms through the enactment of new laws aimed to promote fairness and equity, competitiveness, simplification, and

efficiency of the tax system.

He said modernisation of tax administration was being implemented through technology, process improvement (restructuring of internal operations to a one-stop-shop), and staff capacity development.

Adedeji explained, “A major highlight of 2025 was the successful passage of several key tax reform laws, part of the government’s broader fiscal modernization agenda. These new laws aim to simplify tax compliance, close administrative gaps, and align Nigeria’s tax system with international best practices.

“Also, a key reform is the transformation of FIRS to the Nigeria Revenue Service (NRS), effective January 1, 2026. This expands the agency’s mandate to include non-tax revenue collection from Nigeria Upstream Petroleum Regulatory Commission (NUPRC).”

Adedeji said, “Building on progress made in 2024, the National Single Window Project advanced significantly in 2025. The digital platform, designed to connect ports, government agencies, and trade stakeholders, is streamlining import and export processes, reducing clearance times, and improving transparency.

“This initiative continues to strengthen Nigeria’s global trade competitiveness and supports the government’s broader agenda to enhance efficiency and ease of doing business.

“In August 2025, FIRS launched the full implementation of the National e-Invoicing Solution (Merchant-Buyer Model) following a successful pilot phase. The system enhances transparency, efficiency, and real-time monitoring of business transactions.”

He stressed that the *829# USSD Code initiative, which was launched on October 9, 2024, will allow taxpayers to access services including retrieving their Taxpayer Identification Number (TIN), verifying TCCs, viewing tax types and rates, locating tax offices and making general enquiries directly from their mobile phones.

On collaborations with other agencies and taxpayer education and awareness, Adedeji stated that FIRS will host a tax clinic across the country to improve tax education and compliance among small businesses, start-ups, and informal sector operators, offering direct assistance with tax filing and dispute resolution.

Commenting on international tax cooperation, he said FIRS advanced Nigeria’s global tax leadership by concluding five mutual agreement processes with Belgium, France, and Netherlands, as well as partnership with the Swedish Revenue Agency to facilitate α training programme on tax administration to increase voluntary compliance.

He said the service concluded treaty negotiations with Hong Kong, Botswana, Tanzania, Rwanda and Switzerland, including renegotiation of legacy tax treaties starting with the Netherlands, and commenced treaty negotiations with Saudi Arabia, Kuwait, Qatar, Morocco, India and Jersey.

Adedeji said, “FIRS has in 2025, continued its transformation into a modern, technology-driven, and service-oriented institution, and has achieved major legislative, operational, and technological milestones that position it for sustained growth and greater efficiency.

“FIRS remains committed to simplifying tax, maximizing revenue, and enabling national development through transparency, innovation, and stakeholder collaboration.”

​  

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    Lamido Joins PDP National Chairmanship Race, Picks Nomination Form Today

    Chuks Okocha and Adedayo Akinwale in Abuja

    Former governor of Jigawa State, Sule Lamido, has joined the race for the office of National Chairman of Peoples Democratic Party (PDP), and he is expected to pick his nomination form today.

    Lamido told THISDAY that he would pick the national chairmanship nomination form Monday at the PDP national secretariat in Abuja.

    By implication, the consensus nomination of former Minister of Special Duties, Kabiru Tanimu Turaki, might have failed.

    It was also expected that former governor of Benue State, Samuel Ortom, would pick his nomination form within the week

    It was learnt at the weekend that PDP chapters in the North-west had rejected the nomination of Turaki.

    Kebbi State chapter of PDP, for instance, rejected the endorsement of Turaki as the northern consensus candidate.

    The PDP national organising secretary, Umar Bature, told news men last week that the nomination of Turaki was an imposition without any consultation.

    The rejection followed an emergency meeting of the state chapter held on Saturday in Birnin Kebbi.

    In a statement issued after the meeting, State Publicity Secretary, Sani Dododo, said the decision by northern PDP governors to adopt Turaki was taken without consulting the Kebbi State chapter.

    The statement said, “Kabiru Tanimu has never reached out to the Kebbi State chapter regarding his ambition. He has also not participated in any recent party activities within the state.

    “Accordingly, the Kebbi State chapter outrightly rejects the purported adoption of the former minister as the consensus candidate.”

    The northern PDP leaders had earlier endorsed Turaki as the consensus candidate for the forthcoming national elective convention scheduled to hold on November 15 and 16 in Ibadan.

    The endorsement was reached at a meeting in Abuja attended by PDP governors, former Senate President Bukola Saraki, Acting National Chairman Umar Damagum, and other northern stakeholders.

    Meanwhile, PDP lawmakers from the South-east in the National Assembly threatened to boycott the party’s national convention if the position of woman leader, originally zoned to Imo State, was hijacked by Governor Seyi Makinde of Oyo State for South-south.

    Checks revealed that the position was initially zoned to the South-east, with Imo State favoured candidate and current South-east zonal woman leader, Mrs. Arodiogbu Ifeyinwa, billed to clinch it, before Governor Peter Mba of Enugu State nominated an Enugu woman, who recently followed him to All Progressives Congress (APC), thereby giving Imo PDP the chance to clinch the position.

    A member of the House of Representatives, Hon. Imo Ugochinyere, in a statement, said they would issue a disclaimer against the convention in two weeks and would not participate if South-east was humiliated by those who wanted to rubbish an entire region.

    He stressed that there was still time to remedy the situation before the screening on Tuesday next week, saying no elected lawmaker from South-east would remain in PDP if the impending insult was allowed to happen.

    Ugochinyere added, “The current South-east zonal woman leader, Ifeyinwa Arodiogbu was unanimously backed by South-east PDP chieftains to clinch the position before  Governor Mbah, who is now in the ruling All Progressives Congress APC) allegedly influenced the zoning to Enugu and took the woman leader for Enugu after supporting Gov. Makinde to take the National Secretary that belonged to South-east and Imo state to South-west.

    “We don’t want to see PDP suffer more setbacks. Still, we will stick to our position on the Ibadan convention if, in the next few weeks, the position of National woman leader is not ceded expressly to Imo State and an Imo person allowed to emerge.

    “Now that Governor Mbah has left for APC, that earlier arrangement of producing a woman leader is not going to stand because Gov. Mbah’s woman leader nominee is also in APC with him.”

    ​  

    Chuks Okocha and Adedayo Akinwale in Abuja Former governor of Jigawa State, Sule Lamido, has joined the race for the office of National Chairman of Peoples Democratic Party (PDP), and

    Dangote Projects Over $55bn Annual Revenue from Refinery as Afreximbank Considers Fresh $5bn Expansion Credit

    Dangote Projects Over $55bn Annual Revenue from Refinery as Afreximbank Considers Fresh $5bn Expansion Credit

    •Dangote says expanded refinery will guarantee energy security; Afreximbank foresees expansion will halve petroleum prices in West Africa with expansion 

    •Commends Tinubu’s industry- friendly policies 

    •Company to increase power generation output to 1,000mw

    James Emejo in Abuja and Peter Uzoho, Dike Onwuamaeze 

    Africa’s richest man and President of Dangote Industries Limited, Alhaji Aliko Dangote, has projected that the revenue from his 650,000 barrels per day petroleum refinery in Lagos can exceed $55 billion annually, making it one of the most valuable industrial assets on the continent.

    The assertion came as new Afreximbank President, George Elombi, announced that the bank was considering another $5 billion expansion credit to the refinery.

    Dangote, who welcomed the proposed fresh capital injection reportedly committed by Afreximbank, said the expansion of the refinery will  guarantee energy security in the region.

    While Afreximbank  believes the expansion will reduce by half petroleum prices in West Africa.

    The development was also expected to resolve some of the macroeconomic challenges currently facing member countries.

    The announcement came just as the refinery signed an agreement with its technology licensor to begin an expansion project that would raise the plant’s production capacity from the current 650,000 barrels per day to 1.4 million bpd within the next three years. Dangote disclosed this yesterday in Lagos during a press conference, immediately after his meeting with the technology partners from abroad. 

    The latest move will make the Nigerian oil refiner the world’s biggest refinery, displacing Reliance Refinery in Jamnagar, India, which has 1.36 million bpd capacity.

    Dangote said the decision demonstrated strong confidence in Nigeria’s economic future and Africa’s capacity for industrial transformation.

    He stated, “The key announcement today is that we are expanding the Dangote Refinery. We are announcing it officially. We are expanding the Dangote refinery from 650,000 barrels per day to 1.4 million barrels per day.

    “Actually, we are even a bit late because we had to sign the agreement with the technology licensor, which we are actually expanding in this moment. We have been doing that since 8 o’clock. So, upon completion of this, this will make it the largest refinery in the world ever.”

    Dangote added that the project aligned with President Bola Tinubu’s vision to make Nigeria one of the major exporters of refined petroleum products in Africa and beyond.

    “This expansion reflects our confidence in Nigeria’s future, our belief in Africa’s potential, and our commitment to building energy independence for our continent and the world,” he said.

    Responding to questions from journalists, Dangote confirmed that the expansion was scheduled for completion within three years, stating that much of the groundwork had already been prepared during the initial refinery construction.

    He said, “Timeline, we are looking at three years. This time, it will take us much less time than before because we already have the infrastructure, the port, the SPM (Single Point Mooring facility), the land.

    “We don’t have to raise the land or dredge again.”

    Although he declined to disclose the exact investment figures for the new expansion, Dangote assured that the project had been costed internally.

    The original 650,000 bpd refinery reportedly cost around $20 billion.

    “We have our own costing, and we know what it will cost us,” he said.

    Dangote explained that the new development would replicate an additional processing line within the existing complex, allowing for continuous production even during maintenance shutdowns.

    “By replicating another line, it has given us a guarantee. Even if you are going to shut down for 40 days, it means that at least 50 percent of the refinery will still work,” he explained.

    Asked about feedstock availability, Dangote acknowledged that securing crude oil had previously posed challenges but expressed optimism that new government policies would ensure a consistent domestic supply.

    He said, “At 650,000 barrels a day, you struggle to get feedstock.” He added, “But the President now has a clear policy. I’m sure the government will not sit back and allow our crude to go abroad while refineries here are idle.”

    He likened the situation to Ghana’s cocoa processing industry, stressing that it would be counterproductive for Nigeria to export crude while importing refined products.

    Dangote said, “It’s like Ghana saying they want to process all their cocoa, and someone saying they will still export the raw beans.”

    He said, “I’m sure things will change, and they are already changing with Mr. President’s policy.”

    Nigeria’s current crude production hovers around 1.8 million bpd, but Dangote said the government’s target of 2.4 million bpd would ensure enough supply for both local refiners and others.

    Dangote added that the expansion will create over 65,000 jobs during construction and double polypropylene production from 900,000 metric tonnes to 2.4 million tonnes annually.

    He said the refinery will also transition from producing Euro 5 fuels to Euro 6 standards, meeting the world’s highest environmental benchmark.

    “Over 85 percent of our workforce will be Nigerian, with ongoing investment in skills and technology transfer,” Dangote said. “Our goal has never been just to refine oil, but to refine opportunities for our people,” he added.

    He further revealed that the plant’s power generation capacity will increase from 500 megawatts to 1,000mw, ensuring energy reliability for operations and nearby industries.

    Dangote called on other investors to participate in the federal government’s drive to expand local refining capacity, stating that competition will strengthen the sector.

    He said, “Once we touch the government refineries, there is a lot of noise.”

    Dangote stated, “There are other people with a lot of money, maybe more cash than we have. They should go and buy or build their own refineries so that there won’t be talk about monopoly.”

    When asked if he would be willing to buy off the four refineries owned by the Nigerian National Petroleum Company Limited (NNPC) and turn them around instead of building new one, Dangote declined taking such business decision.

    He said he wanted to focus on his own and allow other investors to take such opportunity, saying some companies are already in talks with NNPC to revive dormant refineries under partnership models.

    Dangote said, “All of us must contribute our quota to achieve a $1 trillion economy. It doesn’t come easy. We are doing our own, and I believe others should do theirs.”

    As part of its long-term strategy, Dangote reconfirmed plans to list the refinery and petrochemical complex on the Nigerian Exchange (NGX) within the next year to allow Nigerians to own shares in the facility.

    He said, “We want to give all Nigerians the opportunity of owning part of the refinery. This refinery should belong to all Nigerians.”

    He also assured that the refinery would help stabilise fuel availability and pricing across the country, especially during the festive seasons.

    “For the first time in many years, Nigerians can look forward to a festive season free of fuel anxiety,” he said, adding, “With this refinery, we’ve had stable pricing and great quality.”

    Dangote thanked the federal and Lagos State governments, the host community, and financial partners for their support, describing the expansion as “a testament to confidence in Nigeria’s leadership and potential”.

    He said, “This expansion is not just about increasing capacity; it’s about confidence in our people, in the leadership of our country, and our continent,” he said, adding “Together, we’re building a stronger Nigeria and redefining what is possible for Africa.”

    Highlighting the economic impact of the project, Dangote said the expansion would further strengthen Nigeria’s energy security, reduce foreign exchange outflows, and save the country billions of dollars annually that would otherwise have gone into importing refined products.

    According to him, the expansion reflects the group’s belief in Africa’s potential to achieve energy security and transform its economy from being an exporter of raw crude to a hub for refined petroleum products.

    Dangote revealed that the expansion project would be executed over the next three years and would be financed through a mix of cash flow, public listing, and strategic investors.

    ​  

    •Dangote says expanded refinery will guarantee energy security; Afreximbank foresees expansion will halve petroleum prices in West Africa with expansion  •Commends Tinubu’s industry- friendly policies  •Company to increase power generation

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