The Tinubu Media Support Group (TMSG) has hailed the recent sharp 45% rise in federally generated revenue from ₦2.942 trillion in May to ₦4.232 trillion in June 2025 as a resounding validation of President Bola Tinubu’s economic reforms and financial engineering capabilities.
In a joint statement issued by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, TMSG described the historic revenue figure as the highest ever generated by the country in a single month, attributing the increase to what it termed “Tinubunomics” a reference to the President’s bold fiscal strategies and structural reforms.
“Since the beginning of the year, federally generated revenue had consistently hovered above ₦2 trillion, but we were startled to see a 45% increase in total gross revenue to ₦4.232 trillion in June 2025,” the group said. “This is the culmination of the financial engineering by the Tinubu administration following the removal of fuel subsidy and harmonisation of foreign exchange windows.”
TMSG also linked the revenue upsurge to Nigeria’s improved crude oil production, aligning more closely with OPEC’s quota. According to publicly available data, the country’s daily average production in June was 1.697 million barrels per day comprising 1.505 million barrels of crude oil and 191,572 barrels of condensate.
The group noted a surge in oil rig activity, with Nigeria’s oil rig count increasing to 46 in July from 31 in January 2025 signaled investor confidence due to policy reforms and enhanced security in oil-producing regions.
To underscore the fiscal progress, TMSG compared recent earnings with previous years: “Total gross revenue for June 2023 was ₦1.959 trillion, and ₦2.483 trillion in June 2024, showing a clear and steady upward trend.”
With revenues on the rise, the statement noted that monthly FAAC allocations have also reached record levels. “From ₦786.8 billion shared in May 2023, disbursements climbed to ₦1.818 trillion in June 2025. In addition, ₦2.251 trillion was set aside for transfers, refunds, interventions, and savings,” it stated.
TMSG emphasized that such financial stability is enabling many states to reduce their debt burdens, and urged citizens to demand improved service delivery from sub-national governments in light of rising allocations.
“The days of dipping into reserves to augment distributable revenue are behind us,” the group asserted. “It’s now time for governors and local government chairmen to ensure this financial growth translate into real development and welfare for the people.”
