One month after the new reforms took effect, the system is clearly in transition. The government has set bold revenue targets and tightened enforcement. But businesses are adjusting, informal workers are wary, and public trust remains fragile.
The newly reconstituted Nigeria Revenue Service (NRS) is targeting N40.71 trillion in revenue for 2026, a 44 percent jump from the N28.3 trillion collected in 2025. Its mandate has expanded to include petroleum and mineral royalties, significantly widening its reach.
The big question after month one is simple: who is winning and who is feeling the pressure?
