By Joy Odor
The Tinubu Media Support Group (TMSG) has credited President Bola Tinubu’s bold economic reforms for the unprecedented 45% increase in federally generated revenue, which rose from ₦2.94 trillion in May to ₦4.23 trillion in June 2025.
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, TMSG described the record revenue growth as a direct result of the administration’s fiscal restructuring policies, particularly the removal of fuel subsidies and the unification of foreign exchange windows, collectively referred to by the group as “Tinubunomics.”
“This is the highest revenue Nigeria has ever generated in a single month. “It reflects the financial engineering of the Tinubu administration, which has also enabled steady savings and FAAC disbursements averaging over ₦1 trillion monthly across federal, state, and local governments.”
TMSG highlighted improvements in the oil sector as a major contributor, citing increased crude oil output and growing investor confidence.
According to the group, Nigeria’s average daily production in June reached 1.697 million barrels per day, including 1.505 million bpd in crude and 191,572 bpd in condensates, figures that bring the country closer to OPEC’s quota of 1.5 million bpd.
The group also pointed to a rise in oil rig count from 31 in January to 46 in June 2025 as evidence of a revitalized oil sector driven by reforms and enhanced security.
For context, TMSG noted that gross revenue for June 2023 stood at ₦1.96 trillion, while June 2024 yielded ₦2.48 trillion, underscoring the significance of the current ₦4.23 trillion figure.
“From ₦786.8 billion shared in May 2023, FAAC allocations have now climbed to ₦1.818 trillion in June 2025. “In addition, ₦2.251 trillion was earmarked for transfers, refunds, interventions, and savings — a clear departure from the past where reserves were routinely depleted to cover revenue shortfalls” the statement said.
The group argued that the increased revenue has enabled many states to reduce their debt exposure and urged Nigerians to demand greater transparency and impact from state and local governments, which are now receiving higher federal allocations.
TMSG concluded by expressing optimism that the reforms would continue to yield dividends and called for continued support for the administration’s economic policies.
“We look forward to a time when these higher allocations begin to visibly improve the lives of Nigerians,” the statement said.
