\n\nNigeria’s economic reforms under President Bola Ahmed Tinubu generated an estimated ₦20.4 trillion in additional resources for the Federal Government between June 2023 and December 2025, Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has disclosed.
Oyedele made the disclosure on Wednesday, August 19, 2026, while presenting the Federal Government’s Nigeria Reform Scorecard in Abuja.
According to the minister, the additional resources came from several measures, including savings from fuel subsidy reforms, improved independent revenue collection and additional borrowing. The government said the figures were part of its broader effort to strengthen Nigeria’s fiscal position and create room for increased public spending.
The scorecard showed that subsidy reforms generated ₦15.8 trillion for the Federation during the period. Of this amount, ₦5.4 trillion accrued to the Federal Government, while ₦10.4 trillion was shared among state and local governments.
The government also recorded about ₦3.1 trillion in additional independent revenue, largely attributed to improved remittances from government-owned entities. A further ₦11.9 trillion came through additional borrowing.
Oyedele explained that these resources supported about ₦30.64 trillion in additional government expenditure between June 2023 and December 2025. Wage-related expenditure accounted for ₦9.39 trillion, while ₦9.37 trillion went towards external debt servicing and ₦6.5 trillion was invested in strategic infrastructure.
The minister maintained that the removal of the fuel subsidy was not introduced primarily as a revenue-generating measure. Rather, he said the reform was aimed at addressing longstanding problems associated with corruption and inefficiencies in Nigeria’s fuel subsidy and foreign exchange systems.
The disclosure comes as the Tinubu administration increasingly highlights its economic reforms ahead of the 2027 elections. While the government points to stronger public finances, investment and improved macroeconomic indicators, many Nigerians continue to grapple with the cost-of-living impact of the reforms.
