Federal, state and local governments in Nigeria are sharing more revenue than at any point in the country's history, according to figures released during President Bola Tinubu's third-anniversary review on 29 May 2026.
Data from the Federation Account Allocation Committee show that total distributable revenue under the current administration has climbed to N86.1 trillion. That marks a 187 per cent rise compared with preceding periods, placing significantly larger sums in the hands of the three tiers of government for development spending.
Analysts attribute the surge to the President's macroeconomic reform programme, notably the removal of the fuel subsidy and the unification of exchange rates. Both measures closed long-standing fiscal leakages and channelled more funds into the public treasury.
Central to the revenue turnaround is the Nigeria Revenue Service (NRS), the newly created single collection platform that has dismantled institutional barriers and driven improved tax compliance nationwide. The NRS generated N28.3 trillion in revenue in the previous year and is now working toward an ambitious target of N40.71 trillion for 2026.
With public coffers unusually liquid, the Federal Government has adopted an approach of funding two capital budgets at once. The Director General of the Budget Office of the Federation noted last week that the National Assembly exercised sound judgment in extending the 2025 capital budget cycle to 30 June 2026. Ministries, departments and agencies are simultaneously settling bills for 2025 infrastructure projects and rolling out new development programmes under the 2026 fiscal framework.
Revenue milestones are also being recorded at border posts. The Seme Area Command of the Nigeria Customs Service reported a 448 per cent jump in collections, signalling that enforcement and compliance measures are yielding results far beyond domestic tax administration.
Officials say the combined effect of these trends means no critical national project is going unfunded. With daily revenue targets being exceeded across multiple collection points, the government has built what experts describe as a resilient, high-performing fiscal engine that is reshaping the landscape of public finance in Nigeria.