Nigeria’s new tax framework takes effect in 2026, consolidating over 60 levies and expanding the tax base. Analysts warn of possible protests as households and businesses adjust, while digitalisation and enforcement aim to stabilise compliance.

Nigeria’s Federal Executive Council has approved a ₦58.47 trillion 2026 budget, alongside a revised MTEF exchange rate of ₦1,400/$1, signalling a shift toward non-oil revenue and fiscal consolidation.

The Federal Government seeks National Assembly approval for a combined ₦43.56 trillion 2024–2025 budget to address revenue shortfalls and fiscal complexity, raising questions over the timing and implementation of the 2026 budget.