Rising National Revenue Reflects Tinubu’s Financial Acumen — TSG DG
Oru Leonard
The Tinubu Support Group (TSG), has attributed the reported increase in Nigeria’s national revenue to the fiscal policies and reforms of President Bola Tinubu’s administration, citing more than ₦21.6 trillion generated in the first half of 2026.
The Director-General of TSG, Dr. Umar Tanko Yakasai, stated this in a statement issued in Abuja, describing the revenue performance as significant and attributing it to the administration’s efforts to strengthen the country’s revenue generation system.
According to him, the increase reflects the government’s commitment to fiscal reforms, improved revenue collection and the expansion of the country’s revenue base.
Yakasai disclosed that tax revenue rose to ₦16.80 trillion in the first five months of 2026, compared with ₦10.60 trillion recorded during the corresponding period in 2025.
He said the difference represented a year-on-year increase of ₦6.2 trillion, averaging more than ₦1 trillion in additional revenue monthly.
The TSG director-general commended the leadership and staff of the Nigeria Revenue Service (NRS), formerly the Federal Inland Revenue Service (FIRS), for their contributions to revenue generation.
He said the transition from FIRS to NRS formed part of the Federal Government’s broader tax reform agenda aimed at improving efficiency, strengthening revenue administration and deploying digital technology in tax collection.
According to the statement, the new revenue administration framework is designed to improve coordination and broaden the government’s revenue base in pursuit of ambitious annual revenue targets.
Yakasai also highlighted the importance of the Nigeria Revenue Service (Establishment) Act, 2025, and other tax reform measures, which took effect from January 1, 2026, as part of efforts to modernise the country’s revenue collection system.
He said the reforms demonstrated the administration’s determination to increase government revenue to support infrastructure development and other public expenditure priorities.
The TSG chief further noted that increased revenue inflows had implications for allocations to the federal, state and local governments through the Federation Account Allocation Committee (FAAC).
He said the reported growth in statutory allocations had improved the financial capacity of subnational governments, providing them with greater resources to address development challenges.
According to him, the increase in revenue and allocations should translate into improved public services, poverty reduction and better living conditions for Nigerians.
“The TSG views this positive trajectory as a continuation of the administration’s efforts to introduce fiscal reforms and strengthen revenue generation,” the statement said.
Yakasai added that improved revenue collection had contributed to increased statutory allocations to state and local governments, stressing that the development placed greater responsibility on the various tiers of government to deliver tangible benefits to citizens.
He also cited the reported increase in distributable federation revenue, noting that higher allocations could provide state governments with additional resources to address pressing social and economic needs.
The TSG director-general urged state and local governments to prioritise the welfare of residents by directing available resources towards poverty alleviation, healthcare, education, infrastructure and other essential public services.
He said such measures were particularly important in view of concerns about poverty and the need for governments at all levels to improve citizens’ living standards.
According to the group, the benefits of increased federation revenue would be more widely felt if state and local governments adopted policies that directly addressed the needs of their populations.
The statement added that, with a significant proportion of Nigerians living in the country’s 36 states and the Federal Capital Territory, subnational governments had a critical role to play in translating increased public revenue into measurable improvements in citizens’ welfare.
Yakasai maintained that the impact of the Federal Government’s fiscal reforms would ultimately depend not only on revenue growth but also on how effectively the resources were managed and deployed across the country.
