The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government’s revenue reached N6.9 trillion from January to April 2025.
He disclosed this during the second quarter 2025 Citizens and Stakeholders’ Engagement Session on fiscal performance and reform outlook in Abuja.
Edun said this figure represents a 40% increase compared to the N5.2 trillion recorded during the same time frame in 2024.
He said, “In the first quarter of this year, when we even take April into account—the first four months—we do have a substantial increase in revenue, and that effort continues.
“There is a commitment to diligently go after all that should be brought in. So, by the end of April, about N6.9tn was generated, and as I’ve said, rising.
“With the monetary policy followed by the central bank and its market-based foreign exchange pricing, we do have essentially the elimination of the black market.
“There’s always going to be some slight difference between the two rates because one, you provide paperwork.
“Another one, maybe you provide less paperwork, and you might even want to pay a premium for the convenience.
“But the point is that a huge premium that was a disincentive to investment but yet encouraged unproductive activity has gone.
“No more can anybody, a businessman, a market woman, anybody with access, no longer can they wake up and say, my quickest route to money is to get allocation of foreign exchange at the official rate and fling it immediately in the free market at a huge profit,” the Minister boasted.
