A firm linked to President Bola Tinubu, Alpha Beta Consulting LLP, is planning to generate about ₦2.83 trillion in tax revenue from Lagos State in 2026, according to an internal document prepared for next year’s revenue drive. The plan targets Lagos, Nigeria’s commercial centre, and is set against the backdrop of rising living costs, business closures, and ongoing tax reforms expected to take effect from 2026.
The document shows that Alpha Beta developed the target as part of its 2026 strategy for Lagos State, where tax revenue stood at about ₦1.25 trillion at the end of 2024 and increased to around ₦1.41 trillion by October 2025. The new target is more than double what the state has collected in recent years, raising concerns among businesses and tax observers.
The move comes at a time when the Tinubu administration is preparing broad tax changes, which have already caused unease among small business owners, professionals, and civil groups who fear tougher enforcement and wider tax monitoring. Many Nigerians are also dealing with inflation, job losses, and shrinking business activities, making the proposed tax target a sensitive issue.
Internal records indicate that Alpha Beta faced several challenges in 2025, including unstable power supply, network problems, weak monitoring tools, and difficulty tracking companies that are struggling or have shut down through official tax systems. Despite these issues, the firm reported progress in bringing more government agencies into its systems, improving the tracking of corporate taxpayers, and cleaning up tax data.
The firm is pressing ahead with its plans for Lagos in 2026, signalling a more aggressive tax collection approach in the state as new tax policies draw closer.