11 Sep, 2025
4 mins read

FX Reform Drives Nigeria’s Revenue to N12tn – World Bank

Nigeria’s government revenue surged dramatically from N6.8 trillion in 2023 to N12.4 trillion in 2024, representing an impressive 82.4 percent increase, according to the latest Nigeria Development Update published by the World Bank. This sharp rise is attributed primarily to the unification of the country’s foreign exchange (FX) rates, strengthened tax administration, and reforms in […]