Nigeria’s federal government has increased its target for independent revenue generation in 2026 to N2.5 trillion, according to reports from The Punch.
The revised benchmark was disclosed by Charles Abana, the acting Executive Chairman and Chief Executive Officer of the Fiscal Responsibility Commission (FRC), marking a shift in the administration’s fiscal planning for the coming year.
The adjustment reflects a continued emphasis on diversifying government income streams away from volatile oil exports.
By raising the independent revenue goal, policymakers aim to strengthen the budgetary position and mitigate the impact of fluctuating crude prices on public finances.
This move aligns with broader efforts to enhance tax collection efficiency and broaden the domestic revenue base.
The updated target comes as Nigeria continues to navigate economic headwinds, including currency volatility and inflationary pressures.