Tinubu Support Group Credits Revenue Surge to Fiscal Reforms

The Tinubu Support Group (TSG) stated that Nigeria's national revenue exceeded ₦21.6 trillion in the first half of 2026, attributing this growth to the financial management policies of President Bola Tinubu's administration. Dr Umar Tanko Yakasai, the TSG Director-General, noted that tax revenue rose to ₦16.80 trillion in the first five months of 2026, a significant increase from ₦10.60 trillion in the same period of 2025.

This ₦6.2 trillion increase is credited to fiscal reforms and new tax laws. The TSG commended the Nigeria Revenue Service, which transitioned from the Federal Inland Revenue Service on January 1, 2026, as part of the government's tax reform agenda aimed at improving efficiency and revenue collection.

The Nigeria Revenue Service (Establishment) Act, 2025, provides the legal framework for this new agency. Yakasai also highlighted the appointment of Dr Taiwo Oyedele as Coordinating Minister of the Economy and Minister of Finance, succeeding Chief Wale Edun, as a commitment to fiscal reform.

The TSG emphasized that increased revenue allocations should lead to effective spending to benefit citizens.