FG generated N33tn revenue in 10 months — Oyedele

The Federal Government of Nigeria generated a record N33tn in revenue between January and October 2026, with improvements in digital tax administration and electronic invoicing playing a key role. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this while delivering a convocation lecture at the University of Uyo, highlighting the potential of technology to improve revenue administration and strengthen compliance.

Oyedele warned that Nigeria risks losing substantial economic opportunities if it continues to depend heavily on foreign digital infrastructure, emphasizing the need for investment in local data infrastructure, technical expertise, cybersecurity, and predictable regulations to enable Nigerian businesses to capture more value from the digital economy.

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