Nigeria’s federal tax revenue recorded a significant increase in the first half of 2026, rising to about ₦21.6 trillion under the Nigeria Revenue Service (NRS), compared with approximately ₦14.27 trillion generated during the same period in 2025 by the former Federal Inland Revenue Service (FIRS).
The figures, contained in the Presidency’s Economic Snapshot Report 2023 vs 2026, show that tax collections grew by about 51–52 per cent in nominal terms between the two periods. The report attributed the rise to ongoing tax reforms, increased digitalisation of revenue processes, and stricter controls on oil-related earnings.
Before its restructuring, the FIRS generated about ₦14.27 trillion in tax revenue in the first half of 2025, according to its performance report. The collection represented a substantial improvement from the corresponding period in 2024 and placed the agency on course to achieving its annual revenue target of approximately ₦25.2 trillion.
Following the transition to the NRS, tax collections climbed further, with the new structure recording about ₦21.6 trillion in the first six months of 2026. The Presidency’s report described the performance as a 49 per cent year-on-year increase compared with the same period in 2025, highlighting the impact of recent fiscal reforms on revenue generation.