revenue collection

Federal Government initiates investigation into past revenue collections following Presidential directive requiring immediate remittance of oil proceeds to Treasury Single Account, as N58.18 trillion 2026 budget faces implementation hurdles.

The Lagos State Government has mandated licensed betting operators to automatically deduct a 5% withholding tax from customer winnings, marking the latest move in the state's aggressive revenue expansion strategy.

Federal authorities have initiated a probe into high collection costs and revenue-at-source deductions as the government intensifies efforts to address systemic revenue leaks undermining fiscal stability.

Nigeria's Federal Inland Revenue Service intensifies collection efforts as official development assistance falls sharply, prompting government to pivot toward domestic revenue mobilization amid fiscal pressures.