Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced a significant revenue breakthrough for the Federal Government, revealing that N6.9 trillion was generated between January and April 2025 — a 40% increase from the N5.2 trillion recorded in the same period last year.
Speaking during the Q2 2025 Citizens and Stakeholders’ Engagement Session on fiscal performance and reform outlook held in Abuja, Edun attributed the improvement to a combination of strong fiscal discipline and key monetary policy reforms under the Tinubu administration.
“There is a commitment to diligently go after all that should be brought in. As of the end of April, about N6.9 trillion was generated — and that figure continues to rise,” Edun stated, highlighting the sustained momentum in government revenue mobilisation efforts.
The Finance Minister underscored the synergy between fiscal and monetary policies, crediting the Central Bank’s adoption of a market-reflective exchange rate regime for curbing arbitrage and restoring confidence in Nigeria’s macroeconomic environment.
“With the monetary policy followed by the Central Bank and its market-based foreign exchange pricing, we have essentially eliminated the black market,” he said.
Edun explained that the wide gap between official and parallel market rates — which once incentivised round-tripping and discouraged productive investment — had now been closed.
“No longer can anyone, whether a businessman or market woman, profit by simply accessing forex at the official window and dumping it on the black market. That unproductive arbitrage opportunity has been removed.”
The strong revenue showing and reform momentum, according to Edun, reinforce the Federal Government’s resolve to rebuild Nigeria’s economy on the pillars of transparency, efficiency, and inclusive growth.
