NEWS
Manufacturing Sector Records Sharp Decline in Tax Remittances
By Tony Obiechina, Abuja
Manufacturers’ Company Income Tax (CIT) payments fell by 68.25 per cent year-on-year to N74.48 billion in the first quarter of 2026, highlighting mounting pressure on Nigeria’s productive sector amid the implementation of new tax laws, weak consumer demand and rising operating costs.
Data from the National Bureau of Statistics (NBS) showed that the manufacturing sector CIT declined by N160.
11 billion from N234.59 billion recorded in Q1 2025. On a quarter-on-quarter basis, tax payments also dropped by 47.49 per cent from N141.84 billion in Q4 2025, representing a decline of N67.36 billion within three months.According to the NBS, which sourced the data from the Nigeria Revenue Service, total Company Income Tax collections stood at N1.37 trillion in Q1 2026, down 8.08 per cent from N1.49 trillion recorded in the previous quarter.
Overall CIT collections also fell by 31.05 per cent year-on-year, indicating a broader decline in company tax receipts across the economy. However, the manufacturing sector’s contraction was significantly steeper than the national average.
Despite the sharp decline, manufacturing remained among the top three contributors to domestic CIT, accounting for 13.82 per cent of domestic collections. The financial and insurance sector led with 24.73 per cent, followed by mining and quarrying at 16.06 per cent.
In value terms, financial and insurance activities contributed N133.27 billion, mining and quarrying paid N86.55 billion, while manufacturing remitted N74.48 billion. When measured against total CIT collections of N1.37 trillion, including foreign currency payments, manufacturing accounted for only 5.45 per cent.
The report further revealed that domestic CIT generated N538.91 billion, while foreign-related tax payments contributed N828.82 billion, representing about 60.6 per cent of total collections during the quarter.
Analysts say the drop in manufacturing tax payments may reflect weaker profitability as companies continue to grapple with high energy costs, exchange rate volatility, expensive borrowing, logistics challenges and declining consumer purchasing power.
The first quarter of 2026 also marked the transition to Nigeria’s new tax framework, which took effect in January, raising questions about whether compliance adjustments, payment timing or shifts in company earnings influenced tax remittances during the period.
The decline extended beyond manufacturing. Agriculture, forestry and fishing recorded the steepest quarter-on-quarter fall in CIT payments at 73.52 per cent, followed by construction with a 63.15 per cent drop.
Conversely, water supply, sewerage, waste management and remediation activities posted the highest quarter-on-quarter growth of 485.71 per cent, while activities of households as employers rose by 197.04 per cent.
The figures suggest that although overall company tax collections remain substantial, they are becoming increasingly reliant on financial services, mining and foreign tax payments, while contributions from key productive sectors such as manufacturing continue to weaken.
Company Income Tax is levied on profits earned by companies operating in Nigeria after allowable deductions and reliefs. Under the new tax reforms signed into law by President Bola Tinubu, the CIT rate was reduced from 30 per cent to 25 per cent.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, who previously chaired the Presidential Committee on Fiscal Policy and Tax Reforms, has stated that the reduced CIT rate and the introduction of a zero per cent tax rate for companies with annual turnover of N100 million or less are expected to support small and medium-sized enterprises and improve the business environment.
NEWS
FCT, Niger Get Tougher Traffic Enforcement as FRSC Launches Safety Drive
The Federal Road Safety Corps (FRSC), Abuja Zonal Command, has launched Operation Sauka Lafiya, a special enforcement and public safety initiative aimed at improving road safety, strengthening traffic law enforcement, and protecting the lives and property of road users across the Federal Capital Territory (FCT) and Niger State.
Speaking at the launch in Abuja, the Zonal Commanding Officer, Assistant Corps Marshal Comfort Asom, said the operation was introduced in response to the increasing volume of traffic and the persistent traffic violations contributing to road crashes, fatalities, and congestion in the FCT and surrounding areas.
She reaffirmed the Corps’ commitment to its statutory mandate of ensuring safer roads through effective patrol operations, strategic enforcement, public education, and prompt emergency response. According to her, the operation is designed to reduce road traffic crashes, fatalities, and injuries while ensuring the free flow of traffic on major highways and urban roads.
Asom said the initiative would intensify enforcement against traffic offences, including speed violations, mixed loading, route violations, driving without a valid licence, and other dangerous driving practices. She explained that Operation Sauka Lafiya would focus on intelligence-driven enforcement, enhanced highway patrols, speed management operations, and strict compliance with road traffic regulations.
She noted that dangerous driving behaviours remain among the leading causes of fatal crashes and urged motorists to obey traffic laws, avoid excessive speed, desist from mixed loading and route violations, and cooperate with FRSC personnel carrying out their lawful duties.
The Zonal Commanding Officer also appealed to transport operators, commercial drivers, fleet managers, and the general public to support the initiative by promoting responsible road use and reporting reckless driving.
She reaffirmed the Corps’ determination to create a safer road environment through sustained enforcement, public enlightenment, and collaboration with relevant stakeholders, stressing that road safety remains a shared responsibility.
NEWS
FCT : FRSC Launches Operation Sauka Lafiya For Road Safety
The Federal Road Safety Corps, FRSC, Abuja Zonal Command, has launched Operation Sauka Lafiya, a special enforcement and public safety initiative aimed at improving road safety, strengthening traffic law enforcement, and safeguarding the lives and property of all road users in the federal capital territory and Niger state.
The Commanding Officer in charge of the Zone, Assistant Corps Marshal , Comfort Asom who stated this at the launch in Abuja said the operation was introduced in response to the increasing volume of traffic and the persistent violations that continue to contribute to road crashes, fatalities, and traffic congestion across the Federal Capital Territory and surrounding areas.
According to the Commander, the FRSC remains committed to its statutory mandate of ensuring safer roads through effective patrol operations, strategic enforcement, public education, and prompt emergency response.
According to the Zonal Commanding Officer , the operation is designed to achieve reduction in road traffic crashes, fatalities, and injuries and ensuring free flow of traffic across major highways and urban roads.
“Intensify enforcement against traffic violations, including speed violations, mixed loading, route violations, driving without a valid licence, and other dangerous driving practises.”
Mrs Asom explained that Operation Sauka Lafiya would focus on intelligence-driven enforcement, enhanced highway patrols, speed management operations, and strict compliance with road traffic regulations.
“Dangerous driving behaviours remain one of the leading causes of fatal crashes and urged motorists to obey traffic laws, avoid excessive speed, desist from mixed loading and route violations, and cooperate with FRSC personnel carrying out their lawful duties.”
She however appealed to transport operators, commercial drivers, fleet managers, and the general public to support the initiative by promoting responsible road use and reporting reckless driving.
The Zonal Commanding Officer reaffirmed the Corps determination to create a safer road environment through sustained enforcement, public enlightenment, and collaboration with relevant stakeholders, emphasising that road safety is a shared responsibility.
Kayode Oyedare, Edited By Grace Namiji
NEWS
Enugu Distributes Agric Inputs for 63,000 Farmers
From Sylvia Udegbunam, Enugu
The Enugu State Government will on Tuesday distribute farm inputs to 63,000 smallholder farmers across the state to boost agricultural production this farming season.
The government also approved the employment of 4,698 additional teachers for its Smart Green Schools, while also directing the activation of all its isolation centres following the outbreak of the Ebola in the Democratic Republic of the Congo and parts of Uganda, saying it did not want to be caught unawares.
These were made known to Government House correspondents after a meeting of the State Executive Council in Enugu at the weekend.
Briefing newsmen, the Commissioner for Information and Communication, Dr. Malachy Agbo; Commissioner for Agriculture and Agro-Industrialisation, Dr. Patrick Ubru; Commissioner for Education, Prof. Ndubueze Mbah; and Commissioner for Health, Prof. George Ugwu, said the Mbah Administration would continue to deliver optimal governance even during the campaign period, insisting that it has a mandate and vision to deliver.
The Commissioner for Agriculture and Agro-Industrialisation said, “Last year, about 40,000 farmers benefited. This year, it is even bigger and better, as the state has now approved for 63,000 farmers to receive free agricultural inputs as intervention, ranging from fertilisers to agrochemicals, free rice seeds, free maize seeds, and free pepper and tomato seeds.
“It is targeted at reducing the cost of agricultural production and ensuring that our smallholder farmers increase their income and improve their livelihoods.
“The Exco also directed that the beneficiaries of these farm inputs must be duly registered smallholder farmers who are identifiable, whose farms are captured, and can be monitored.
“So, on Tuesday, 21st July, the governor will flag off the distribution of farm inputs. Thereafter, the 260 wards will receive theirs under strict monitoring to ensure that only those identifiable as farmers benefit from the scheme to better their lives,” Ubru explained.
On his part, Prof. Mbah said the additional 4,698 teachers were to ensure that the standard for the 267 Smart Green Schools, as modelled at the Owo Campus, is fully and uniformly achieved across the state.
“Enugu State Government has further expanded and intensified its efforts to completely equip and operationalise the Centre for Experiential Learning and Innovation (CELI), which is situated within the Enugu State College of Education (Technical).
“This is a guaranteed strategy to institutionalise and ensure the sustainability of the Enugu education project, especially as it relates to the Smart Green Schools.
“This is a way to ensure that no teacher is left behind. It is also to ensure that every teacher in our Smart Green Schools passes through a thorough training programme at the centre and that they can effectively implement the type of education where our children acquire skills, not only memorise.
“CELI is also a way to support our young Enugu people who have talents, innovative skills, or who have come up with patentable ideas and solutions so that they get support to commercialise them,” Ndubueze stated.
The Commissioner for Health told newsmen that the state was taking proactive steps following the outbreak of Ebola in East Africa.
“Because countries are now regarded as a global village and considering the fact that Enugu is now a gateway state receiving direct international flights, the state government has now directed that all the isolation centres established during the time of COVID-19 should be immediately reactivated and made ready for service so that we will not have a situation we did not prepare for. This is a proactive measure for a better state of response,” he said.
He added that Exco also discussed and approved that all the expansion works going on in the state hospitals should be expedited and completed before the end of the year.
“For example, the new high-rise buildings at the Enugu State University Teaching Hospital Park Lane, the teaching hospital at the State University of Medical and Applied Sciences (SUMAS) at Igbo-Eno, among others, are now to receive extra attention, while the Enugu International Hospital will be commissioned in a matter of a few weeks,” he concluded.
Also at the press briefing were the Commissioner for Culture and Tourism, Dame Ugochi Madueke, and her Works and Infrastructure counterpart, Engr. Ben Osy Okoh.


