10 States Plan N4.28tn Borrowing for 2026 Budgets
Ten Nigerian states plan to raise N4.287 trillion from loans and grants for their 2026 budgets, totaling N14.174tn. Experts warn of fiscal risks and weak revenue management.
Category : Search result: Revenue Allocation
Nigeria's Lingering Local Government Creation Crisis
Analysis of Nigeria's lingering crisis over arbitrary local government creation, from 240 native authorities in 1960 to 774 today. Explores historical data, military nepotism, and constitutional hurdles.
FIRS Replaced by NRS in Major Nigerian Tax Reform
Nigeria's FIRS is now the Nigeria Revenue Service (NRS) following landmark 2025 legislation. Discover how this shift promises transparency, efficiency, and a new era of public finance management for all citizens.
FIRS Transforms to Nigeria Revenue Service in 2026
Nigeria's FIRS transitions to the Nigeria Revenue Service in January 2026, driven by four new laws. The reform promises streamlined tax processes, stronger oversight, and integrated revenue collection for better public finance management.
FG Launches New Tax ID Portal Linked to NIN
Nigeria's new tax ID portal goes live January 1, 2026. Your NIN becomes your tax number. Learn how to retrieve your ID and what it means for you.
Borno's N890bn 2026 Budget: Education Gets Top N135bn
Governor Babagana Zulum presents a N890.33bn budget for Borno's 2026 fiscal year, with education receiving the highest sectoral allocation of N135bn for rebuilding and growth.
New Tax ID Portal Launches Jan 1, 2026 - How to Retrieve
Nigerians can now retrieve their Tax ID online using NIN or CAC details from Jan 1, 2026. Learn the simple steps to access your 13-digit number digitally.
Nigeria's Mandatory Car Recycling Fee Starts 2026
From 2026, Nigerians will pay a mandatory vehicle recycling fee at registration. The policy aims to generate over N150bn yearly, create jobs, and regulate used car imports. Get all the details.
State Debt Rises by N94.79bn in Three Months
Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.
National Assembly Explains Process on New Tax, Revenue Laws
The National Assembly clarifies the passage and publication of four key fiscal laws, including the Nigeria Tax Act 2025. An internal review of procedures is underway. Read the full details.
Kano Bans Cash Tax Payments from January 2026
Kano State will enforce digital-only tax payments from 2026 to curb revenue leakages. Experts urge public embrace of reforms for economic growth. Learn more.
N2.7 Trillion Spent on External Debt Service in Q2 2025
Nigeria's debt burden deepens as 45.2% of Q2 2025 revenue goes to servicing external loans. Experts warn of fiscal risks and crowding out of critical spending. Read the full analysis.
Lagos Can Raise ₦1 Trillion Annually from Property Tax
Tax Reforms Chairman Taiwo Oyedele says Lagos State can unlock ₦1 trillion yearly from property taxes with better data and legal harmonisation. Governor Sanwo-Olu commits to implementation.
Nigeria's Oil Revenue Falls 64% Short of Target in Q1 2025
The Federal Government's Q1 2025 budget report reveals a massive N8.21 trillion shortfall in oil revenue and a N3.04 trillion fiscal deficit. Discover the key figures and causes behind this critical shortfall.
Tin Can Customs Revenue Hits N1.57tr, Exceeds Target
Tin Can Island Port Customs generated N1.57 trillion, exceeding its annual target by N51.8 billion, driven by a surge in used vehicle imports. Read the full report on the revenue feat.
Detty December: More Than Fun, A Diaspora Brain Gain Gateway
Detty December 2024 drove record tourism & ₦1.02B box office revenue in Nigeria. Explore how this cultural movement fuels economic growth and diaspora reconnection for long-term national impact.
Ekiti Governor Oyebanji Signs N415.57bn 2026 Budget
Ekiti State Governor Biodun Oyebanji has signed the N415.57 billion 2026 Appropriation Bill into law. The budget allocates 53% to recurrent and 47% to capital expenditure. Read the full details.
Radda: Don't blame only govs for economic hardship
Katsina Governor Dikko Radda urges Nigerians to scrutinise Federal Government's use of 52% revenue share. He argues states, LGAs bear public anger despite limited funds. Read his full interview.
Kaduna 2026 Budget: Education Leads with 25% of N985.9bn
Governor Uba Sani signs Kaduna's N985.9bn 2026 budget, prioritizing education with 25%. See the full sectoral breakdown and focus on grassroots projects.
Presidency Denies Discrepancies in New Tax Laws
The Presidency has dismissed claims of alterations in the new tax laws signed by Tinubu. Taiwo Oyedele calls reports 'false and misleading' as controversy grows ahead of the January 2026 implementation.
Tax Reforms Delay Will Keep 98% of Workers Overtaxed - Oyedele
Taiwo Oyedele warns that failure to implement new tax laws by January 1, 2026, will leave 98% of Nigerian workers overtaxed. He urges targeted amendments, not suspension.
FIRS Hits ₦22.59tn Revenue, New Tax Laws Reshape System
Nigeria's FIRS closes 2025 with a record ₦22.59tn collection, driven by landmark tax reforms and technology. Discover how new laws and digital systems are redefining revenue generation for 2026.
Nigeria's FIRS Hits ₦47.39 Trillion Revenue with Reforms
Nigeria's Federal Inland Revenue Service (FIRS) achieved record revenue of ₦47.39 trillion from 2023-2025 through major tax reforms and technology. Discover how new laws and digital systems are reshaping tax collection for 2026.
Fire Guts FIRS Office in Abuja, Contained by Responders
A fire incident at the Federal Inland Revenue Service office in Abuja's Wuse Zone 5 was swiftly contained. No casualties reported. Read the full details.
Conoil Posts 60.5% Revenue Surge, Declares Dividend
Conoil Plc reports a massive 60.5% revenue growth to N323.1bn for 2024, proposing a N2.4bn dividend. Discover how Nigeria's downstream giant thrived despite economic headwinds.
Tinubu Vows Security Reset in 2025 Budget Speech
President Bola Tinubu announces a sweeping national security revamp, allocating N5.41 trillion to defence. He declares all armed non-state actors as terrorists amid rising violence.
Tinubu's ₦58.18tr 2026 Budget Targets Security, Economy
President Tinubu presents a massive ₦58.18 trillion 2026 budget, declares all armed non-state actors as terrorists, and outlines plans for economic consolidation. Read the full details.
Tinubu Tells Governors To Hand Over LG Allocations
President Bola Tinubu has ordered state governors to comply with the Supreme Court judgement and directly fund local governments. He also reaffirmed plans for state police. Read the full story.
Northern Elders Back FIRS, Tinubu Reforms, Reject NEF
A new Northern elders' group rejects NEF's criticism of FIRS and Tinubu's economic reforms, praising revenue gains and transparency. Read their full statement.
Customs Slaps Banks with Penalty for Late Revenue Remittance
The Nigeria Customs Service warns designated banks over delayed remittance of collected revenue. Defaulters face a penalty interest of 3% above NIBOR. Details inside.
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