TSG Hails Tinubu’s Reforms as National Revenue Hits N21.6trn in H1 2026
Oru Leonard
The Tinubu Support Group (TSG) has attributed Nigeria’s rising national revenue to President Bola Tinubu’s fiscal reforms and financial management policies, citing over N21.6 trillion generated in the first half of 2026.
The group’s Director-General, Dr. Umar Tanko Yakasai, stated this in a statement issued in Abuja, describing the revenue performance as evidence of the administration’s efforts to strengthen the country’s revenue generation system.
Yakasai said the increase reflected the impact of policies designed to improve revenue collection, enhance fiscal efficiency and expand the government’s revenue base.
According to him, tax revenue rose to N16.80 trillion in the first five months of 2026, compared with N10.60 trillion recorded during the corresponding period in 2025.
He said the N6.2 trillion increase represented significant year-on-year growth, averaging more than N1 trillion in additional revenue monthly.
The TSG chief commended the leadership and staff of key revenue-generating agencies, particularly the Nigeria Revenue Service (NRS), formerly known as the Federal Inland Revenue Service (FIRS), for their contributions to the improved performance.
He noted that the transition from FIRS to NRS, which took effect on January 1, 2026, formed part of the administration’s tax reform agenda aimed at harmonising revenue collection, improving efficiency and digitising tax administration.
According to him, the reforms are also designed to strengthen the collection of tax and non-tax revenues and support the government’s ambitious revenue targets.
Yakasai explained that the institutional changes were intended to reduce fragmentation in revenue collection and improve coordination among relevant government agencies.
He added that the reforms were backed by the Nigeria Revenue Service (Establishment) Act, 2025, and other new tax laws that commenced in January 2026.
The TSG director-general said the administration’s approach demonstrated Tinubu’s commitment to expanding government revenue as a foundation for infrastructure development and improved public services.
“The transition only speaks to the fact that President Bola Tinubu is seriously focused, deliberate and intentional about expanding the revenue basket, without which much infrastructure development cannot take place,” the statement said.
Yakasai also noted that increased federation revenue had contributed to improved allocations to the federal, state and local governments, potentially strengthening their capacity to meet development obligations.
He said the rising monthly distributions through the Federation Account Allocation Committee (FAAC) reflected the improvement in revenue performance and the availability of more resources to the subnational governments.
The group further cited an increase of N1.05 trillion in gross statutory revenue in June 2026 compared with May, describing the development as an indication of improved revenue inflows.
It also noted that distributable revenue had increased by more than 14.3 per cent, giving state and local governments greater financial resources than they previously received.
However, the TSG urged state governments and local government authorities to translate the increased allocations into tangible improvements in citizens’ welfare.
It stressed that higher revenue should lead to better healthcare, education, infrastructure, social protection and other essential services, particularly for vulnerable Nigerians.
The group said the World Bank’s calls for governments to intensify efforts to address poverty underscored the need for subnational administrations to prioritise policies that would improve living conditions.
“We believe this is a sure way Nigerians will really feel the positive effect of President Tinubu’s efficacious reforms that have led to a surge in federation revenue and improved the liquidity of the subnationals,” the statement added.
The TSG maintained that state and local governments had a crucial role to play in ensuring that the benefits of increased revenue reached ordinary Nigerians, noting that a significant proportion of the population lived within the 36 states of the federation.
It said effective utilisation of the additional resources would help reduce poverty, improve public services and strengthen the impact of the federal government’s economic reforms across the country.
