Ijagun, Ogun State | August 25, 2025
Acting Chairman of the Federal Character Commission (FCC), Kayode Oladele, on Monday praised President Bola Tinubu’s administration for what he described as significant progress in stabilising Nigeria’s fragile economy.
Speaking at the maiden Eminent Personality Forum of the Association of Nigerian University Professional Administrators held at Tai Solarin University of Education, Ijagun, Ogun State, Oladele highlighted revenue reforms as a major success of the Renewed Hope Agenda.
He claimed that federal tax revenue had surged beyond ₦21 trillion and that allocations to state governments had grown by over 60 per cent within two years of the Tinubu administration.
Verification:
Official figures from the Federal Inland Revenue Service (FIRS) confirm that Nigeria collected ₦21.6 trillion in 2024, exceeding its ₦19.4 trillion target. This supports Oladele’s statement on tax revenue.
However, data from the Federation Accounts Allocation Committee (FAAC) shows that allocations to states rose by about 44.7 per cent in the first quarter of 2025 compared to the same period in 2024 — a notable increase but below the “over 60 per cent” claimed.
Independent confirmation of the specific forum and speech was not available from major national media outlets, though the fiscal data cited has been verified.
Nigeria’s economic indicators have shown signs of recovery, with the World Bank noting a stronger growth outlook, improved tax-to-GDP ratio, and reforms to expand government revenue.