The Tinubu Support Group (TSG) has said continued rise in national revenue reflects sound financial skill of President Bola Tinubu administration, citing over N21.6 trillion generated in first half of 2026.
In a statement in Abuja, Director General of the group, Dr Umar Tanko Yakasai said the haul puts Federal Government far ahead of N500 billion increase recorded in first quarter and represents exponential growth.
He attributed upward trend to effective policies revamping national revenue generation machinery, driven by fiscal reforms and implementation of Nigeria Tax Act.
According to him, tax revenue rose to N16.80 trillion in first five months of 2026, up from N10.60 trillion in same period of 2025, representing year on year expansion of N6.2 trillion, averaging over N1 trillion growth per month.
Yakasai commended recalibrated leadership and staff of revenue agencies including Nigeria Revenue Service formerly Federal Inland Revenue Service.
He noted that on January 1, 2026, FIRS transitioned to NRS as part of 2025 tax reform agenda to unify collection, improve efficiency and digitise administration, covering both tax and non tax revenues with full year target of N40.7 trillion to N50 trillion.
He said major change includes centralised collection empowering NRS to handle revenues previously fragmented among agencies such as Customs, NUPRC, NPA and NIMASA, operating under Nigeria Revenue Service Establishment Act 2025.
The group said appointment of Dr Taiwo Oyedele as Coordinating Minister of the Economy and Minister of Finance to succeed Chief Wale Edun shows President Tinubu is deliberate about expanding revenue basket needed for infrastructure development.
TSG added that federation allocations to tiers of government in January to April showed progress, stability and liquidity in 36 states, with studies showing more than double and triple monthly FAAC disbursements in last three years.
It cited June 2026 gross statutory revenue jumping by N1.05 trillion compared to May 2026 and distributable revenue rising by over 14.3 percent.
The group urged sub nationals to prioritise welfare of citizens in line with President Tinubu repeated calls and World Bank suggestion for more action to bridge poverty gap, saying impact of reforms will be better felt when states channel increased allocations to poverty reduction.
