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NRS Gets N40.71trillion Revenue Target For 2026

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. Surpasses 2025 target of N25.2 trillion, rakes in N28.3 trillion

 

. Edun, Adedeji, Tegbe reiterate hope in new tax laws

 

The Nigeria Revenue Service (NRS), formerly known as the Federal Inland Revenue Service (FIRS), broke its record revenue collection performance, posting N28.3 trillion to surpass the set target of N25.2 trillion for the year 2025.

 

This was disclosed on behalf of the NRS executive chairman, Zacch Adedeji, by the Executive Director, Government and Large Taxpayers Group, Ms Amina Ado Kurawa, at the opening of a two-day management retreat with the theme “Designed to Adapt, Built to Deliver” held at the Congress Hall, Transcorp Hilton Hotel in Abuja, on Tuesday.

 

Ms Ado, according to a statement signed by Dare Adekanmbi, Special Adviser (Media) to the NRS chairman, also revealed that the revenue collection target for the revenue administration agency for 2026 has been set at N40.71 trillion, 44 per cent higher than the target for 2025.

 

Speaking earlier, the NRS chairman charged the management and staff members of the agency to do away with old beliefs, noting that the credibility of Nigeria’s revenue architecture and confidence in the Nigerian economy rest on their hands.

 

Adedeji said, “If we walk into the future with rigid beliefs, we will build walls where bridges are required. But if we lead with honesty, courage, and an open mind, we will build an institution worthy of this moment.

 

“Recently, I reflected deeply on an article in the Harvard Business Review titled ‘The Hidden Beliefs That Hold Leaders Back.’ Its central argument is both simple and confronting: leaders rarely fail because they lack intelligence, experience, or strategy. More often, they fall short because of the invisible beliefs they carry about themselves, about others, and about what leadership should look like, beliefs that quietly shape decisions, behaviours, and outcomes.

 

“The Nigeria Revenue Service will not be defined by what we say in this room. It will be defined by who we become after we leave it.”

 

The Executive Director, while giving a breakdown of the 2025 collection figures and how the agency surpassed the last target by 12 per cent, said non-oil taxes accounted for N21.4 trillion of the collection, against N18 trillion projected.

 

Total oil tax collection, according to her, came to N6.8 trillion, representing 95 per cent of the N7.2 trillion target set for the sector.

 

Both oil and non-oil tax revenue grew year on year by 19 per cent and 35 per cent, respectively.

 

“For the year 2025, oil tax revenue totalled N6.6trillion, representing a growth of 19 per cent over the N5.8 trillion realized during the corresponding period in 2024.

 

“Non-oil tax revenue for 2025 exceeded the 2024 total, reaching N21.5 trillion compared to N15.9 trillion for the same period in 2024—representing a growth of 35 per cent.

 

“This growth was driven by administrative enhancements, broadening of the Withholding system, digitalization efforts, improved tax compliance initiatives and stronger enforcement tactics introduced by NRS,” the statement said.

 

The statement added that the 44 per cent increase in the target for the agency was based on the expanded mandate of NRS to be a revenue system integrator for the country, including the collection of royalty hitherto the responsibility of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and so on.

 

Earlier, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, who joined the event virtually, charged Nigerians to rely more on made-in-Nigeria products, saying this would reduce revenue losses.

 

“We talk about buying from West Africa or trading with Africa as a whole, but intra-Nigerian trade is critical. We all know what spending in Nigeria does for the economy; we know what it does for the revenue targets of NRS.

 

“The debt service that was paid by the developing countries in 2024 was 163 billion dollars, while the overseas development assistance that came in was 42 billion dollars. The foreign direct investment and the private sector funding that came in from abroad to developing countries were just 97 billion dollars.

 

“So, you can see that, as developing countries, the flow of funding. What we are giving out is more than we are getting through these various categories.

 

“Clearly, it is what we do for ourselves internally that is going to be important at this time,” he said.

 

He reiterated the government’s desire to deliver in the areas of fiscal reforms and revenue mobilisation, saluting the management and staff of NRS for not just the pivotal but indispensable role they play in domestic revenue mobilisation.

 

Also speaking, the chairman of the National Tax Policy Implementation Committee, Joseph Tegbe, stressed the need for clinical delivery and execution of the tax laws.

 

Tegbe said that the quality of execution would ultimately determine whether the reform would succeed or merely join a long list of well-intentioned initiatives that failed to transform outcomes.

 

He explained that the country’s continued dependence on what he described as volatile oil revenues exposes it to shocks beyond control, “while rising public expenditure demands stable, predictable, and sustainable domestic revenue.

 

“History will judge this reform not simply by the revenues it generates, but by the trust it rebuilds between the Nigerian state and its citizens.

 

“It is essential that we are clear about the role of the Nigeria Revenue Service. NRS is not just another agency. It is the nation’s revenue system integrator,” he said.

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Police Clear Interior Minister Tunji-Ojo In NYSC Certificate Probe

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The Nigerian Police Force has dismissed allegations of certificate forgery against the Minister of Interior, Tunji Ojo, describing them as baseless following an extensive investigation.

The Police, through its spokesperson, ACP Benjamin Hundeyin, stated that no evidence was found of forgery, alteration, falsification, or unlawful production of the minister’s National Youth Service Corps (NYSC) certificate.

According to him, the investigation established that there was no proof of forgery, alteration, falsification, or unlawful production of the minister’s NYSC certificate.

“After an exhaustive investigation into the allegations, it has been established that there is no evidence whatsoever of forgery, alteration, falsification or unlawful production of the minister’s NYSC certificate,” Hundeyin said.

He explained that the National Youth Service Corps (NYSC) was contacted during the investigation and confirmed that the certificate in question was duly issued to the minister.

“The NYSC was contacted and it was verified that the certificate was duly issued by the corps to the minister. The allegations are therefore unfounded,” he added.

The development comes a day after youth and civil society groups staged a protest in Abuja over the alleged certificate forgery involving the minister.

The demonstrators accused Tunji-Ojo of providing conflicting information regarding his NYSC records, which they said raised concerns about integrity in public office.

Addressing journalists during the protest, one of the demonstrators said the minister had yet to publicly respond to the allegations.

“We have not heard from him. He has not come out to clarify to the public whether what is being said is right or wrong,” the protester said.

The protesters also argued that in similar circumstances, some public officials had resigned from office when faced with such allegations, insisting that accountability should apply equally to all public office holders.

“We want accountability, and we want everyone to be treated equally. What is good for one person should be good for all. If other ministers could resign over similar issues, we do not see why he should still remain in office,” the protester added.

They warned that failure to properly address such allegations could erode public trust in government institutions, particularly among young Nigerians, and undermine the credibility of public offices at the federal level.

 

 

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After Long Wait, Tinubu Assigns Portfolios To 65 Ambassadors-Designate

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President Bola Ahmed Tinubu has approved the posting of 65 ambassadors-designate to various Nigerian missions and international organizations worldwide.

The list comprises 31 career diplomats and 34 non-career ambassadors, whose nominations were earlier confirmed by the Senate in December 2025.

According to a statement issued on Friday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the postings assign the envoys to various countries and international missions.

Among the non-career ambassadors, former presidential aide Reno Omokri was posted to Mexico, while former Minister of Aviation Femi Fani-Kayode was assigned to Germany.

Former Minister of Health Prof. Isaac Adewole will serve in Canada, while former Minister of Interior Abdulrahman Bello Dambazau was posted to China.

Other notable appointments include Senator Ita Enang to South Africa, Senator Jimoh Ibrahim as Nigeria’s Permanent Representative to the United Nations, Olufemi Pedro to Australia, and Lateef Kayode Are to the United States.

The President also approved the posting of several career diplomats to key missions.

These include Ambassador Abdussalam Habu Zayyad to Senegal, Ambassador Haidara Mohammed Idris to The Hague, Netherlands, Ambassador Ayeni Adebayo Emmanuel to Belgium, and Ambassador Ibrahim Danlami to Kenya, among others.

The Presidency disclosed that some countries have already issued diplomatic clearance, known as agrément, for Nigeria’s envoys.

The United Kingdom has approved Ambassador Aminu Dalhatu as Nigeria’s High Commissioner, while France has granted agrément for Ambassador Ayo Oke.

The Ministry of Foreign Affairs has also formally notified other host countries of the appointments and requested their agrément in line with diplomatic procedures.

Tinubu has directed the Ministry of Foreign Affairs to immediately begin the induction programme for the ambassadors-designate and high commissioners ahead of their deployment to their respective missions.

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Kidnappers Kill Ex-Ebonyi Deputy Governor’s Father, Nine Suspects Arrested

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The Ebonyi State Police Command has confirmed that Ezeogo Francis Igwe, the traditional ruler of Ndufu-Alike and father of former Deputy Governor Kelechi Igwe, has been killed by his abductors.

The victim, Francis Igwe, was the traditional ruler of Ndufu-Alike in Ikwo Local Government Area of the state before his death.

According to the police, the monarch was abducted on Sunday, March 1, 2026, while on his way to church.

Confirming the incident in a statement issued on Friday, the spokesperson of the Ebonyi State Police Command, Joshua Ukandu, said operatives launched intensive operations immediately after the abduction was reported.

Ukandu explained that deploying technical and intelligence assets led to the arrest of two suspects believed to be members of the kidnapping syndicate.

During interrogation, the suspects reportedly confessed that the monarch had been killed on March 2.

“They further volunteered to lead operatives to their hideout and assist in recovering the monarch’s remains,” the statement said.

However, while approaching the hideout, other gang members allegedly opened fire on the police team.

Ukandu said the operatives responded with superior firepower, overpowering the criminals during the gun battle.

“In the course of the confrontation, one of the hoodlums was neutralised, while others fled the scene,” he said.

The police spokesman added that seven additional suspects were later arrested, bringing the total number of suspects in custody to nine.

He also confirmed that one locally made pistol was recovered during the operation.

Ukandu said the remains of the slain traditional ruler had been recovered and deposited in a morgue for autopsy.

The suspects are currently in police custody, while efforts are ongoing to arrest other fleeing gang members.

He added that the suspects would be charged to court after the investigations conclude.

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