The Federal Government has disclosed plans to step up borrowing through borrowing from the World Bank even though national revenue rose significantly in the first eight months of 2025.

According to a statement released on Wednesday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, government earnings between January and August climbed to ₦20.59 trillion, compared to ₦14.6 trillion during the same period in 2024 — representing a 40.5 percent increase.

He explained that non-oil revenue now makes up 75 percent of the total collections, surpassing earlier projections and positioning the country to meet its annual non-oil revenue target.

Despite this progress, the government stressed that borrowing is still essential to close funding gaps in critical areas, particularly infrastructure development.