Nigeria's Manufacturing Sector Generates N1.17 Trillion VAT

According to data released by the National Bureau of Statistics (NBS), Nigeria's manufacturing sector contributed a total of N1.17 trillion in Value Added Tax (VAT) revenue in 2025. This figure represents a significant increase from the N803.53 billion recorded in 2024, demonstrating the sector's growth and its importance to government revenue.

The latest data highlights the resilience of the manufacturing sector despite prevailing economic challenges and a fluctuating tax environment in Nigeria. The sector maintained its position as the largest contributor to VAT revenue, with contributions remaining stable throughout 2025.

This consistent performance showcases the sector's ability to sustain revenue generation despite macroeconomic pressures, including high product costs, exchange rate volatility, and infrastructure deficits. Additionally, recent policy reforms are expected to further strengthen VAT collection and broaden Nigeria's tax base.