Nigeria Lifts 5-Month Tax Revenue 49% to $11.6 Billion as New Levies Boost Collections
Updated
Updated · Bloomberg · Jun 19
Nigeria Lifts 5-Month Tax Revenue 49% to $11.6 Billion as New Levies Boost Collections
3 articles · Updated · Bloomberg · Jun 19
Summary
15.8 trillion naira ($11.6 billion) in tax revenue was collected in Nigeria in the first five months of 2026, up 49% from 10.6 trillion naira a year earlier.
The jump beat the government's 11.6% baseline growth target after a tax-system overhaul and new levies on sectors including petroleum and mining widened collections.
Excluding the new taxes, revenue still rose 15% to 12.2 trillion naira, indicating underlying gains beyond the fresh industry charges.
The figures suggest Nigeria's revenue drive is gaining traction as authorities push reforms to strengthen public finances.