Figures cited by The Punch reveal that Nigeria’s Capital Gains Tax (CGT) revenue reached an unprecedented ₦522 billion in the 2025 fiscal year. This surge represents a significant leap in non-oil tax revenue, reflecting the government’s aggressive drive to expand the tax base and improve compliance across the financial and real estate sectors. The record-breaking figure is being hailed by fiscal authorities as a sign of deepening economic formalization.
The growth is largely attributed to the recovery of the Nigerian Exchange (NGX) and a flurry of high-value property transactions in major urban centers like Lagos and Abuja. Additionally, the Federal Inland Revenue Service (FIRS) has implemented more robust digital tracking mechanisms to ensure that gains from the disposal of assets are accurately captured and taxed.
Despite the impressive numbers, some economic analysts express concern that the increased tax burden could deter long-term investment. However, government officials maintain that the revenue is essential for funding critical infrastructure projects and reducing the national budget deficit.
Validating these figures, Leadership reported that the FIRS is looking to further automate the CGT collection process in 2026. A tax consultant quoted in Vanguard remarked, “The ₦522 billion mark shows that the government is finally looking beyond traditional sectors for revenue.” Furthermore, Daily Post cited a government spokesperson who noted, “This milestone is a testament to the effectiveness of recent fiscal reforms aimed at achieving a sustainable debt-to-revenue ratio.”
Echotitbits take: This revenue spike is a double-edged sword. While it helps the government’s liquidity, it may cool down the heated real estate market. Watch for potential pushback from the private sector as the FIRS looks to tighten the net on digital asset gains next.
Source: The Punch – https://punchng.com/capital-gains-tax-jumps-429-to-n12-18bn/, and February 15, 2026
Photo credit: The Punch
Tag: non-oil revenue
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Capital Gains Tax Collections Hit Historic ₦522 Billion Milestone
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Budget tussle: lawmakers split over crude benchmark for 2026–2028 plan
Photo Credit: Punch / File
2025-12-19 11:00:00From Punch coverage of the fiscal plan, Nigeria’s lawmakers are reportedly divided over the crude oil price benchmark proposed in the 2026–2028 Medium-Term Expenditure Framework (MTEF).
The benchmark matters because it shapes revenue projections, borrowing needs and how aggressively government can fund infrastructure and social programmes.
Verification: BusinessDay reported the disagreement over the benchmark, while Reuters-based reporting (via Channels TV) has highlighted weak oil market dynamics that could complicate pricing assumptions.
Quotes: BusinessDay: “Reps, Senate disagree over… crude benchmark…” Channels TV: “Nigerian oil struggles to find buyers…”
Analysis/Echotitbits take: Nigeria’s fiscal credibility rises or falls on realistic oil assumptions. Watch revised benchmark levels, production assumptions versus theft/vandalism realities, and whether non-oil revenue plans become concrete.
Source: The Punch — 2025-12-19 — https://punchng.com/mtef-reps-senate-disagree-over-crude-benchmark/
The Punch 2025-12-19
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Nigeria’s 2025 Revenue Gap Hits ₦30tn, Finance Ministry Signals Tougher Budget Choices
Photo Credit: Punch
2025-12-17
According to *The Punch*, Nigeria’s Finance Minister Wale Edun says the Federal Government recorded about ₦30 trillion in revenue shortfall in 2025, underscoring how weaker-than-expected inflows are tightening fiscal space.
The report points to the knock-on effect on budget execution: with revenue underperforming, the government may face sharper trade-offs between debt servicing, capital spending, and core social obligations.
It also raises questions around the pace of non-oil revenue reforms and the reliability of projected collections as Nigeria navigates inflation, exchange-rate pressures, and a still-fragile recovery.
Other reporting on the same development includes:
– Reuters: “Nigeria’s fiscal pressures are intensifying as revenue performance lags spending needs.”
– Bloomberg: “Officials are weighing additional measures to close the gap as financing costs remain elevated.”Analysis/Echotitbits take: A ₦30tn gap is a warning flare for 2026 planning—expect tougher scrutiny of waivers, leakages, and under-remittance. Watch the next FEC/Finance briefings for concrete revenue-side actions and whether spending is reprioritised toward high-multiplier projects.
Source: The Punch — December 17, 2025 (https://punchng.com/fg-recorded-n30tn-revenue-shortfall-in-2025-edun/)
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Tinubu Says Nigeria’s Real Wealth Is Citizens’ Creativity, Not Oil
Photo Credit:Punch Newspapers
President Bola Tinubu has declared that Nigeria’s future prosperity depends more on the creativity and innovation of its citizens than on crude oil revenues. Speaking at a public event, he argued that human capital, entrepreneurship and digital skills are the true drivers of a $1‑trillion economy, while natural resources should be treated as enablers rather than the core of national wealth.
Tinubu urged policymakers, investors and young people to embrace productivity, technology and value‑addition across sectors, pledging continued reforms to remove obstacles facing businesses and innovators. The remarks reinforce the administration’s push for economic diversification and investments in education, tech talent and creative industries.
Source: Punch Newspapers – 12 Dec 2025
2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12
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FG Sets Up Panel to Drive Capital Gains Tax Implementation
The Federal Government has inaugurated a National Capital Gains Tax Implementation Committee to improve enforcement of CGT laws. Finance Minister Wale Edun says the move will boost non-oil revenues and plug leakages from asset sales.
PUNCH
11 Dec 2025