FG: Monthly Revenue Surges 411% as Tax Reforms Take Hold

FG: Monthly Revenue Surges 411% as Tax Reforms Take Hold

Monthly federal revenue has jumped from N711 billion in May 2023 to N3.635 trillion by September 2025, marking a 411.3 per cent increase under the current administration. Zacch Adedeji, Executive Chairman of the newly christened Nigeria Revenue Service (NRS), announced these figures during the inauguration of the agency’s 16-storey headquarters in Abuja. The growth reflects…

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Tinubu Tax Reforms Shift Burden From Livelihoods To Profits

Tinubu Tax Reforms Shift Burden From Livelihoods To Profits

Nigeria’s tax landscape is undergoing a fundamental restructuring aimed at relieving low-income earners while tightening the net on high-net-worth individuals and corporate profits. Speaking at the 2026 BusinessDay Tax Conference in Lagos, Adesokan of the Joint Revenue Board (JRB) revealed that the reforms seek to stop “taxing poverty.” The new regime consolidates a fragmented library…

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