Nigeria's tax revenue reached N7.44 trillion in the first quarter of 2026, as reported by the Nigeria Revenue Service (NRS) during the Federation Account Allocation Committee (FAAC) meetings. This figure reflects a significant increase in tax collection; however, it still fell short of the budget target by N2.24 trillion. The data indicates that cumulative collections from January to March were robust, yet the shortfall highlights ongoing challenges in meeting fiscal objectives.
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