Nigeria February 2026 Revenue Decline
Analysis based on 8 articles · First reported Mar 13, 2026 · Last updated Mar 14, 2026
The decline in major revenue sources like Value-added tax, Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital gains tax, and Stamp duty for February 2026 indicates potential fiscal challenges for the Nigeria, Nigeria — States of Nigeria, and Local government areas of Nigeria. This could lead to reduced government spending and impact economic growth, potentially affecting investor confidence in the Nigerian market.
The Nigeria — Federation Account Allocation Committee (FAAC) distributed N1.894 trillion as Federation Account revenue for February 2026 among the Nigeria, state governments, and local government councils. This distribution, approved at the March 2026 FAAC meeting, saw the Nigeria receive N675.088 billion, Nigeria — States of Nigeria N651.525 billion, and Local government areas of Nigeria N456.467 billion. Oil-producing states also received N110.949 billion as 13 percent derivation revenue. A significant aspect of this distribution was the substantial decline in several key revenue sources compared to the previous month. Gross statutory revenue decreased by N395.138 billion, and gross Value-added tax revenue dropped by N414.710 billion. Revenues from Petroleum Profit Tax, Hydrocarbon Tax, Companies Income Tax, Capital gains tax, and Stamp duty also declined. However, oil and gas royalties, excise duties, import duty, and Common External Tariff receipts recorded marginal increases.
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