Nigeria’s newly reconstituted Nigeria Revenue Service (NRS) has set a target of N40.71 trillion for 2026, up 44 percent from the N28.3 trillion collected in 2025.
Achieving the additional N12.41 trillion will require more than higher rates; it demands a data-driven overhaul of enforcement and compliance monitoring.
“Looking at the big picture, government is trying to get multiple sources of data, so they can have a full picture,” said Kenneth Erikume, Partner, Tax Reporting & Strategy lead, PwC Nigeria, in a tax webinar hosted by PwC, titled ‘Tax technology and e-invoicing in Nigeria’.