Company Income Tax receipts in Nigeria declined by 31 percent in 2026, according to the latest data released by the National Bureau of Statistics.
The figures point to a meaningful contraction in corporate tax revenue when compared with the preceding period. The National Bureau of Statistics published the data as part of its regular fiscal reporting series, which tracks tax collections across various categories.
Further details regarding the specific sectors affected, the total nominal value of collections, and the factors contributing to the downturn were not immediately available from the report summary.
Company Income Tax remains one of the key revenue streams for the Federal Government, alongside Value Added Tax and petroleum profit taxes. A decline of this magnitude is likely to draw attention from fiscal policymakers and tax administrators concerned with revenue targets and compliance levels.
The National Bureau of Statistics is expected to provide a more detailed breakdown in its full quarterly report.
