Chai! Naija Revenue Service don drop serious wahala for ground o! Dem don set target wey go reach N40.7 trillion for 2026. This one no be small matter, my people. Dem dey plan make non-oil money dey shine like diamond, with automation and plenty compliance to boost their gbaladun.
As e be, this come from the NRS Management Retreat wey happen for Abuja on Tuesday. Na the Executive Director of Government and Large Taxpayers, Amina Ado, talk say dis target na 44% increase from wetin dem collect last year, weh na N28.29tn. Abeg, make I clear you, for 2021, dem only carry come N6.4tn. E be like say dem dey try push us go anywhere wey we fit stand strong make we no dey borrow like say na food we dey chop!
Amina no stop for there, she yarn say last year performance be like solid base wey dem go use carry enter 2026 target. She drop gist say na because of better operations dem fit achieve N28.23tn instead of the N25.2tn target wey dem give dem. Na 30% increase from 2024, and dem fit do am to 112% of the target, no be small kahi!
Her mouth never close, she still talk say wetin happen for exchange rate no really affect dem last year, na better planning and actions wey dem take carry dem this far. According to the breakdown for the retreat, na 6.4tn for 2021, then 10.18tn for 2022, follow by 12.34tn for 2023, 21.7tn for 2024, and last year, dem jacked am to 28.29tn. Dem dey ride this wave hard to match up with that ambitious N40.7tn target for 2026.
She mention say na non-oil revenue go drive this growth well well, because e dey volatile for oil prices and production. Na from N18tn wey dem get last year, dem dey expect go hit about N24.84tn for 2026, wey be almost 38% increase! Oil money self dey waka slowly—from N7.2tn to about N7.3tn. Amina highlight say Company Income Tax (CIT), Value Added Tax (VAT), and Development Levy na the core for this non-oil expansion. Last year, VAT and CIT don pass wetin dem set for 2025, as Capital Gains Tax make small extra cash because of movement inside oil and gas.
Amina talk say dem don dey work on better filing, strict compliance, and new technology to boost performance. Dem wan go automate the petroleum tax and royalty assessment, engage more with government agencies and improve audit times. Na serious things dem dey plan o!
The Chairman of the Nigeria Revenue Service, Dr Zacch Adedeji, talk say this new level for NRS no be jara, e go change how dem dey operate. E clear sey whether Nigeria go fit build better revenue system or not go depend on how dem dey adapt and deliver results. Na leadership matter pass here, no be just technology or structure.
Last but not least, Joseph Tegbe wey get the National Tax Policy Implementation Committee, yarn about the low tax-to-GDP ratio wey dey hold Naija back. He talk say perfect revenue administration don turn to necessity for Nigeria to survive financially. No be time to dey slack o, na serious work dey ground!
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