Nigeria NEC Boosts Non-Oil Revenue
Analysis based on 6 articles · First reported Jan 16, 2026 · Last updated Jan 16, 2026
The Nigeria — National Economic Council's resolutions to boost non-oil revenues and implement tax reforms are expected to positively impact Nigeria's economic stability and investor confidence. The collaboration with the World Bank Group on human capital development and agricultural value chains also signals long-term growth potential.
The Nigeria — National Economic Council held its 156th meeting, focusing on Nigeria's economic priorities for 2026. Chaired by Vice President Kashim Shettima, the council resolved to deepen engagement to boost non-oil revenues, aligning with President Bola Tinubu's economic blueprint. Key decisions included approving a committee for the implementation of legacy projects, such as the Lagos-Calabar and Sokoto-Badagry Super Highways. The Nigeria — National Economic Council also received presentations from the Minister of Finance, Wale Edun, on economic reforms and from the World Bank Group on its Country Partnership Framework, which emphasizes human capital development and agricultural value chains. An update on Nigeria's tax reform laws was also presented by the Nigeria — Presidential Fiscal Policy and Tax Reforms Committee, aiming to address inequities and simplify the tax system. The Nigeria — National Economic Council committed to providing institutional support for the World Bank Group's framework and resolved to further engage on the new tax regime.
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