Nigeria collects $19.9 billion in taxes as digital systems expand
Nigeria collected an average of ₦127.83 billion ($93.98 million) in taxes every day between January and July 2026 as new laws and digital systems helped the government bring more economic activity into the tax net.
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The country's tax revenue has seen significant growth, with daily collections averaging ₦127.83 billion ($93.98 million) from January to July 2026, according to the Nigeria Revenue Service (NRS). The NRS collected ₦27.1 trillion ($19.93 billion) in the first seven months of 2026.
The increase in tax revenue is attributed to the digitization of tax systems, new tax laws, and improved revenue service, as stated by the NRS. Four new tax reform laws were signed in 2025, and an executive order was implemented to close loopholes in the system.
Brief written by urgent.news from BusinessDay Nigeria, TechCabal — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
