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Nigeria’s Q1 Revenue Reached N5.08 Trillion, 44.93% Below Target

BusinessDay said higher oil prices did not produce enough revenue for the federal government to meet its target.

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Civil servants enter the federal budget complex in Abuja, Nigeria, beneath an overcast morning sky. / TokenPost.ai (mono)
Civil servants enter the federal budget complex in Abuja, Nigeria, beneath an overcast morning sky. / TokenPost.ai (mono)

BusinessDay reported Nov. 4 that Nigeria’s federal government earned N5.08 trillion in revenue in Q1 2026, 44.93% below its target. It said the rise in oil prices was insufficient to close the revenue gap.

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