Nigeria collected an average of ₦127.83 billion ($93.98 million) in taxes every day between January and July 2026 as new laws and digital systems helped the government bring more economic activity into the tax net.
Tax collections reached ₦27.1 trillion ($19.93 billion) in the first seven months of 2026, according to data shared by the Nigeria Revenue Service (NRS), the country’s tax agency.
The increase in collections puts Nigeria on track to raise more tax revenue in 2026 than it did in all of 2025, while new tax laws and digital systems give the government greater visibility into how much Nigerians and businesses earn, spend, and move.
In seven months, the NRS has already collected 95.76% of the ₦28.3 trillion ($20.81 billion) it collected throughout 2025, and has reached two-thirds (66.57%) of its ₦40.71 trillion ($29.93 billion) revenue target for 2026.
The NRS attributed the increase to the “digitisation of tax systems, four new tax reform laws, the transformation of the revenue service and an executive order that closed loopholes in the system.”
In 2025, President Bola Tinubu signed four new tax laws, changing the framework for administering, collecting, and enforcing taxes in Nigeria. The reforms came as the government sought to raise more revenue from an economy where oil could no longer be relied on as heavily as it once was.
The four tax laws signed in 2025 outlined new rules for administering and collecting taxes, including a legal basis for using technology to automate tax assessment, collection, and information gathering.
“A relevant tax authority may deploy technology to automate tax administration processes including tax assessment, collection, accounting and information gathering,” part of the Tax Administration Act read.