Abuja, Nigeria — Official statements indicate Nigeria has set a 2026 tax-and-royalty revenue target of roughly 30 billion dollars, marking the first time the federal government has published a hard-dollar goal for non-oil collections.
According to local reports, the figure appeared in a briefing presented to lawmakers earlier this week.
The government stated the amount would combine company income tax, value — added tax, customs duties and solid-mineral royalties, with no single revenue stream expected to deliver more than one-third of the total.
Legislators questioned how the target would be met amid ongoing gaps in taxpayer registration and patchy compliance outside the formal sector. Sources close to the matter said finance ministry officials pledged to roll out new e-invoicing rules and expand the database of small-business identifiers before mid-year.
3 million to 1.
3 million barrels per day in recent months.
The government has not released the exchange — rate assumption behind the dollar target, and it remains unclear whether the projection factors in possible naira weakness. Further details were not immediately available on enforcement timelines or expected collection costs.
Officials have not yet commented on possible penalty increases for non — compliant firms.
Regional officials confirmed the target forms part of a medium — term revenue strategy that will accompany the 2026-28 budget cycle submitted to parliament next quarter. Parliamentary hearings are expected to resume early next month.
Source: Africa.
