Nigeria's Manufacturing Sector Tax Contribution Hits N881.29B

According to the latest data released by the National Bureau of Statistics, Nigeria's manufacturing sector contributed N881.29 billion in Company Income Tax (CIT) in 2025, marking a significant increase from N663.46 billion recorded in 2024. This reflects a strong year-on-year growth in the sector's tax contributions, demonstrating its importance in driving Nigeria's revenue base.

Despite this growth, the manufacturing sector faced challenges, including high product costs, exchange rate volatility, and infrastructural deficits. The data also indicated a quarterly drop in total CIT, which increased by 13.38 percent year-on-year compared to Q4 2024.

In Q4 2025, domestic CIT contributions were N819.83 billion, while foreign CIT accounted for N668.21 billion. The report highlighted that the manufacturing sector's performance remains strong, influenced by overall macroeconomic conditions, despite facing structural challenges, particularly in the chemical, pharmaceutical, plastic, and rubber subsectors.