Nigeria collected ₦27.1 trillion in taxes between January and July 2026, averaging ₦127.83 billion daily, according to the Nigeria Revenue Service, NRS. The figure represents 95.76 per cent of the ₦28.3 trillion collected in the whole of 2025 and 66.57 per cent of the agency’s ₦40.71 trillion target for 2026.
The NRS attributed the increase to tax digitisation, four new tax reform laws, reforms within the revenue service and measures to close loopholes in tax collection. The reforms introduced legal backing for technology driven tax assessment, collection and information gathering.
Digital platforms such as TaxPro Max and the new electronic invoicing system are also helping to improve compliance and provide the government with greater visibility into business transactions. Large taxpayers are already being monitored, while medium sized businesses began mandatory onboarding in July, with emerging businesses expected to follow in 2027.
The government said the reforms were aimed at simplifying tax processes, improving voluntary compliance and increasing revenue. Nigeria is also drawing lessons from countries such as Rwanda and Kenya, which have deployed digital systems to strengthen tax administration and collection.