The Federal Inland Revenue Service (FIRS) has disbursed N2.55 trillion to the Federation Account Allocation Committee (FAAC), reflecting a significant surge in government revenue.
The disbursement follows a 32.6% year-on-year increase in gross revenue collected in June, which reached N4.5 trillion.
This marks a notable acceleration in fiscal inflows for the Nigerian government.
The revenue growth underscores the effectiveness of recent tax administration reforms and broader economic activity.
The substantial increase in gross collection provides the federal government with greater fiscal space to meet its obligations and fund public expenditure.
Market participants are closely monitoring these figures as indicators of the health of the Nigerian economy and the sustainability of its fiscal position.