Nigeria's Company Income Tax (CIT) revenue fell by 31 percent in 2026, according to data released by the National Bureau of Statistics (NBS).
The report, published by the NBS, highlights a significant contraction in corporate tax receipts during the period under review. Company Income Tax is a major component of non-oil revenue for the Federal Government, levied on the profits of incorporated entities operating in Nigeria.
Further details from the NBS report — including absolute revenue figures, sectoral breakdowns, and comparative period data — were not immediately available at the time of publication.
A decline of this magnitude in CIT collections may reflect broader pressures on corporate profitability, including elevated operating costs, foreign exchange volatility, and a challenging macroeconomic environment. It also carries implications for fiscal consolidation efforts and budget performance, given that CIT forms a material share of federally collected revenue.
This publication will be updated as more information becomes available.
