The Nigerian Revenue Service (NRS) has set a revenue target of N40.7 trillion for 2026.
The agency also generated N28.3 trillion in 2025, a 30.3 percent increase from the N21.7 trillion recorded in 2024.
The Executive Chairman of the NRS, Zacch Adedeji, disclosed this at the agency’s 2026 leadership retreat on Tuesday in Abuja.
He said the service is in a new era, marking a clear break from past practices that would require a different kind of leadership to meet rising expectations.
Providing details of the agency’s revenue performance, Amina Kurawa, Executive Director, Government and Large Taxpayers at the NRS, said the service exceeded its targets in most quarters of 2025.
She said the NRS achieved 96.9 percent of its first-quarter (Q1) target, 129.7 percent in the second quarter (Q2), 131.9 percent in the third quarter (Q3), and 90.4 percent in the fourth quarter (4).
“Despite a dip in the fourth quarter, the year ended with a strong performance driven by improved compliance and voluntary filings,” Kurawa said.
According to her, total revenue for 2025 stood at N28.3 trillion, compared to N21.7 trillion in 2024.
Kurawa said non-oil revenue was a major driver of the improved performance, growing by 35 percent year-on-year.
She said non-oil tax revenue rose to N21.5 trillion in 2025, from N15.9 trillion in 2024.
The increase cut across major tax categories, including value-added tax (VAT), company income tax (CIT) and capital gains tax (CGT), which recorded a combined growth of 19 percent.
The executive director said oil tax revenue stood at N6.8 trillion, up from N5.8 trillion in 2024, representing a 19 percent increase.
Kurawa attributed the “improved” revenue performance to internal restructuring, policy reforms, and stricter enforcement.
She said the service clarified reporting lines, removed duplication of functions and aligned tax offices and audits under unified leadership.
 has set a revenue target of N40.7 trillion for 2026.The agency also generated N28.3 trillion in 2025){kind=link}