Non-oil revenue rose to N5.07 trillion in the second quarter of 2026, driven mainly by stronger collections from corporate income tax and customs and excise duties, reinforcing the Federal Government’s efforts to deepen domestic revenue mobilisation and reduce dependence on oil receipts. The N5.07 trillion non-oil reve…

…external reserves had risen to about $52.7 billion by August 2026, while consolidated non-oil revenue grew from roughly ₦13.63 trillion in 2023 to ₦16.4 trillion in the first two quarters of 2026. The party chair added that the merchandise trade position improved from a surplus of about ₦44.8 billion for all of 2023 to…

…import duty exemptions on the country’s revenue profile amid growing pressure to expand non-oil revenue.

…statutory allocation of N7.48 billion, Value Added Tax (VAT) of N6.33 billion and non-oil revenue of N1.24 billion. For May, the state recorded a gross FAAC inflow of N52.81 billion, comprising N34.41 billion from derivation, N9.9 billion from VAT, N6.9 billion from statutory allocation and N1.6 billion from non-oil re…