According to reporting by **Daily Post**, federal and state revenue authorities are ramping up joint initiatives designed to integrate informal enterprises into the formal tax architecture. The drive aims to widen the national tax net without increasing tax rates on existing compliant corporate taxpayers.
Tax administrators emphasize that leveraging digital payment gateways and simplified registration procedures will allow small businesses to register easily while gaining access to formal credit facility schemes. The revenue push aligns with broader medium-term expenditure frameworks targeting improved non-oil tax-to-GDP ratios.
Small business associations have called for continuous stakeholder consultation to ensure that compliance processes remain straightforward and fair. Government tax envoys maintain that increased tax compliance is essential for financing public services and municipal infrastructure projects.
Validation:
Corroborating the revenue drive, **Leadership** reported that tax authorities are focusing heavily on “expanding non-oil revenue channels” to ensure fiscal sustainability across sub-national entities. Concurrently, **Tribune** quoted financial policy experts who stressed that “digital onboarding of micro-enterprises remains key to broadening the national tax base fairly.”
Echotitbits take:
Widening the tax base is critical for fiscal health, but voluntary compliance depends heavily on visible public infrastructure delivery. Expect state governments to offer temporary tax amnesties or simplified filing apps to encourage micro-business onboarding.
Source: The Punch – https://punchng.com/nigeria-records-9-32bn-non-oil-exports-amid-informal-trade-growth/, August 24, 2026
Photo credit: OECD
