Nigeria Records N2.06 Trillion VAT Collection in Q2 2025, NBS Report Shows Slight Decrease

The National Bureau of Statistics in Nigeria has released a report indicating that the country recorded a Value Added Tax (VAT) collection of N2.06 trillion in the second quarter of 2025. This figure represents a marginal decrease of 0.03% compared to the previous quarter.

The report highlights that local payments accounted for N1.09 trillion, while foreign VAT payments contributed N459.95 billion and import VAT contributed N508.55 billion. The real estate sector experienced the highest growth rate at 155.21%, followed by agriculture, forestry, and fishing at 23.64%.

The top three sectors contributing the largest share to VAT in Q2 2025 were manufacturing, information and communication, and mining and quarrying.