Nigeria has posted a historic revenue surge, a development linked to the implementation of a new tax system and the adoption of a dual-budget strategy.
Authorities point to the twin reforms as the principal drivers behind the unprecedented revenue figures, though detailed breakdowns of collections, timelines, and sectoral contributions were not immediately available.
The dual-budget approach and the revamped tax framework form part of broader fiscal reforms aimed at expanding the government's revenue base and reducing dependence on volatile oil earnings.