The Tinubu Support Group (TSG) has attributed rising national revenue to the fiscal reforms of President Bola Tinubu’s administration, citing over  N21.6 trillion generated in the first half of 2026.

The Director-General of TSG, Dr Umar Yakasai, made this known in a statement available to the news reporters on Friday in Abuja.

Yakasai stated that the revenue growth reflected the impact of policies aimed at strengthening Nigeria’s revenue generation machinery.

He said tax revenue rose to N16.80 trillion in the first five months of 2026, from N10.60 trillion recorded during the corresponding period in 2025.

According to him, the increase of N6.2 trillion represented an average year-on-year growth of over N1 trillion monthly.

Yakasai commended the leadership and staff of revenue-generating agencies, particularly the Nigeria Revenue Service (NRS).

He said the transition from FIRS to NRS on Jan. 1, 2026, formed part of the tax reform agenda designed to improve efficiency, digitise tax administration and broaden revenue collection.

The TSG director-general said the new framework, established under the Nigeria Revenue Service (Establishment) Act, 2025, was intended to strengthen revenue administration and support government funding.

He also cited the appointment of Dr Taiwo Oyedele as Coordinating Minister of the Economy and Minister of Finance, succeeding Chief Wale Edun, as part of the administration’s focus on revenue expansion.

“This transition only speaks to the fact that President Bola Tinubu is seriously focused, deliberate and intentional about expanding the revenue basket, without which, much infrastructure development cannot take place,” the group said.

Yakasai said increased federation revenue had also translated into higher allocations to states and local governments through the Federation Account Allocation Committee (FAAC).

“The TSG views this positive trajectory as consistent continuation of the success story of an administration which has, since coming into office, introduced sound policies and programmes targeted at fresh fiscal re-engineering.”

The group said improved revenue collection had strengthened statutory allocations to subnational governments, providing them with additional resources to address development needs.

It, however, urged state and local governments to prioritise citizens’ welfare, particularly as the World Bank had called for stronger efforts to bridge the poverty gap.

“We believe this is a sure way Nigerians will really feel the positive effect of President Tinubu’s efficacious reforms that have led to a surge in federation revenue and improved liquidity of the subnationals,” it said.

The group maintained that effective use of increased allocations by the 36 states would translate into revenue growth, poverty reduction and improved living condition for Nigerians.