Nigeria's VAT Revenue Hits N2.06 Trillion in Q2 2025, Sectors Show Growth
Nigeria's VAT revenue in Q2 2025 stands at N2.06 trillion, showing a marginal decline from Q1 2025. The National Bureau of Statistics released the report, indicating contributions from local and foreign payments, with real estate and manufacturing sectors leading in growth rates.
The data also highlights the top three sectors contributing to the VAT revenue. The increase in VAT marks a positive trend in tax compliance and economic activities, potentially impacting inflation and prices.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
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