The Nigeria Revenue Service, NRS, has warned that persistent tax leakages, delayed remittances and weak compliance by some government institutions and sub-national entities could threaten its target of generating about N40 trillion in revenue for the federation in 2026.

Nigeria's tax revenue collection fell short of its Q1 2026 target by N2.24tn, generating N7.44tn against a N9.68tn goal amid new tax reforms.

The Nigeria Revenue Service, NRS, has warned that persistent tax leakages, delayed remittances and weak compliance by some government institutions and sub-national entities could…

The N2.24 trillion tax revenue shortfall recorded by Nigeria Revenue Service’s (NRS) for the first quarter of 2026 has triggered a wave of...