Nigeria collected 33tn naira (€21.8bn) in government revenue from January to October 2026, helped by electronic invoicing and other digital systems, Finance Minister Taiwo Oyedele said in a convocation lecture at the University of Uyo on November 5, according to a statement from his spokesperson reported by Nairametrics. The Sun attributed the total to the federal government.
Analysis: The figure cannot yet be verified. The statement quoted by Nairametrics says only government revenue, not whether that means the federal government, the federation account shared with states or all tiers. It gives no earlier total to support the minister's description of a record. If it is federal revenue, as The Sun reported, it would equal 96% of the 34.33tn naira (€22.7bn) projected for all of 2026 when the budget was signed, by our calculation. The borrowing request sent to the Senate a day earlier still cites a deficit of about 31.4tn naira (€20.8bn). The Budget Office's third-quarter implementation report, which would settle the scope, was not found in our search.
Source: Federal Ministry of Finance, Finance ministry statement on the minister's University of Uyo lecture, November 5, 2026, as reported by Nairametrics, January-October 2026; Nairametrics, Nairametrics report on the signing of the 2026 budget (April 17, 2026), 2026; Nairametrics, President Tinubu's letter to the Senate, as reported by Nairametrics (November 4, 2026), 2026