Nigeria's Mining Sector Sees CIT Rise to N723.33 Billion

According to the latest data released by the National Bureau of Statistics, Nigeria's mining sector contributed N723.33 billion in Company Income Tax (CIT) in 2025, marking a significant increase from N520.34 billion recorded in 2024. This growth highlights the sector's rising importance in Nigeria's revenue mix and demonstrates an improvement in fiscal contributions despite historical underperformance.

The data indicates a strong but uneven quarterly contribution, pointing to improved performance amidst structural challenges within the sector. Notably, the mining sector experienced substantial growth throughout 2025, even as it faced fluctuations during the year.

The overall trend suggests enhanced tax compliance and stronger regulatory oversight, aligning with broader fiscal reforms aimed at improving revenue administration. Earlier reports indicated a drop in corporate tax inflow, with a decline from N1.49 trillion to N2.96 trillion in the preceding quarter, reflecting a 49.81% quarter-on-quarter contraction.