Tinubu's Tax Reforms Drive Record Revenue Growth in Nigeria

One year after President Bola Ahmed Tinubu (GCFR) signed Nigeria’s landmark tax reform laws, the impact is evident in the country’s economic direction and revenue growth. The reforms aimed to reduce reliance on crude oil by strengthening domestic revenue through a simplified tax system and improved compliance.

Under the leadership of Executive Chairman Zacch Adedeji at the Nigeria Revenue Service (NRS), tax administration has seen remarkable improvements, leveraging technology and better taxpayer services. From January to June 2026, the NRS collected ₦21.6 trillion in tax revenue, a 49% increase from ₦14.27 trillion in the same period of 2025.

In June 2026, Nigeria generated ₦799.75 billion in Value Added Tax, contributing to a total statutory revenue of ₦3.701 trillion. The Federation Account Allocation Committee distributed ₦2.55 trillion to various government levels.

This growth trajectory reflects a consistent increase in tax revenue, rising from ₦10.1 trillion in 2023 to an anticipated record in 2026.