Claim: An X user, @allhajinalah claimed that Nigeria’s total revenue crossed ₦27 trillion by mid-2025. Verdict: False. The most reliable evidence places mid-year revenue at approximately ₦20–₦21 trillion. Though higher figures emerged later in the year, they were still below ₦27 trillion as of October 2025. Full Story Nigeria’s public revenue figures are often reported
Claim: An X user, @allhajinalah claimed that Nigeria’s total revenue crossed ₦27 trillion by mid-2025.
Verdict: False. The most reliable evidence places mid-year revenue at approximately ₦20–₦21 trillion. Though higher figures emerged later in the year, they were still below ₦27 trillion as of October 2025.
Full Story
Nigeria’s public revenue figures are often reported using different classifications, including federal government revenue, federation account accruals, and aggregate revenue across all tiers of government. When these distinctions are not clearly explained, they can easily create confusion and lead to misinformation.
The Federation Account refers to all revenues available for distribution, including statutory revenue, oil receipts, VAT, and other levies. Federal Government revenue refers strictly to what the central government collects, which is often only a subset of total federation account receipts.
Complicating matters further, analysts and media outlets sometimes report revenue figures using different methodologies. Some combine projections with actual receipts, while others apply non-standard definitions that may include borrowings or expected inflows. As a result, reporting revenue figures without clear definitions is susceptible to misinterpretation and misinformation.
Against this backdrop, claims such as Nigeria’s Total Revenue Crossed ₦27 Trillion by Mid-2025 ” are particularly prone to controversy, as they often rely on mixed accounting approaches.
On January 15, 2025, X user @allhajinalah posted that Nigeria’s total revenue had crossed ₦27 trillion by mid-2025. The post gained significant traction, recording over 13,500 views, 188 reposts, and 348 likes.
The post stated, in part:
“Nigeria is at a defining moment. President Bola Ahmed Tinubu took bold decisions to fix deep-rooted problems others avoided for decades. These reforms are already yielding results and cutting them short would reverse hard-won gains.”
The claim was listed as one of “20 reasons Nigerians should vote President Bola Ahmed Tinubu for a second term, with measurable progress,” with the revenue figure attributed to the administration’s policy reforms. See the screenshot of the post below:
Public Reactions
The post generated mixed reactions on X.
@Threadsatirist dismissed the claims, arguing that persistent issues such as power outages, water shortages, insecurity, and inflation undermined the narrative of progress.
Another user, @LocoMotive92 questioned the credibility of the claim, stating:
“Politics is a game, but governance isn’t… stop the propaganda.”
Similarly, @gbasgbosdirectly challenged the claim, asking for verifiable evidence to support the figure cited.
These reactions prompted NDRFactCheck to verify the accuracy of the claim.
Verification
A review of available data from credible sources reveals concrete evidence.
First, a release by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), cited by Nairametrics, reported that ₦23.06 trillion accrued to the Federation Account between January and October 2025.
Second, a separate statement from the State House, indicated that total government revenue (oil and non-oil) between January and August 2025 stood at approximately ₦20.59 trillion.
Third, an independent assessment published by The Guardian, citing Cowry Asset Management, estimated that actual revenue collections by mid-2025 were about ₦20.44 trillion.
Conclusion
Credible sources show Nigeria’s total revenue was around ₦20–₦21 trillion by mid-2025, not exceeding ₦27 trillion until at least October of that year.
Therefore, there is no credible evidence that Nigeria’s total revenue exceeded ₦27 trillion by mid-2025.
Verdict: False
