Did you see these numbers? From January to September 2025, Nigeria OVERPERFORMED its monthly VAT budget every single month!

September capped it off with an incredible 40% overperformance (N872.63bn actual vs. N625.13bn budgeted)!

But the big question is: What's driving this phenomenal surge in revenue? Is it increased compliance, better economic activity, or a combination of strategic fiscal policies?

More importantly, where should these extra billions be prioritized for maximum national impact?
Share your thoughts in the comments! 👇

Nigeria's VAT performance against the N625.13bn budgeted (January-September 2025)

January:

Actual: N771.89bn

Budgeted: N625.13bn

Overperformed: by 23%

February:

Actual: N654.46bn

Budgeted: N625.13bn

Overperformed: by 5%

March:

Actual: N637.62bn

Budgeted: N625.13bn

Overperformed: by 2%

April:

Actual: N642.26bn

Budgeted: N625.13bn

Overperformed: by 3%

May:

Actual: N742.82bn

Budgeted: N625.13bn

Overperformed: by 19%

June:

Actual: N678.17bn

Budgeted: N625.13bn

Overperformed: by 8%

July:

Actual: N687.93bn

Budgeted: N625.13bn

Overperformed: by 10%

August:

Actual: N722.62bn

Budgeted: N625.13bn

Overperformed: by 16%

September:

Actual: N872.63bn

Budgeted: N625.13bn

Overperformed: by 40%

FAAC
#TheCableIndex