Nigeria recorded significant growth in Value Added Tax (VAT) and Company Income Tax (CIT) revenues in the first nine months of 2025, reflecting stronger non-oil revenue generation and improved fiscal performance.
Figures released by the National Bureau of Statistics showed that VAT collections rose by 34 per cent year-on-year to N6.4 trillion in the first nine months of 2025, up from N4.77 trillion in the same period of 2024.
A breakdown of the data revealed mixed quarterly trends. VAT revenue dipped slightly by 1.4 per cent to N2.03 trillion in the second quarter of 2025 from N2.06 trillion recorded in the first quarter. However, collections rebounded in the third quarter, increasing by 10.66 per cent quarter-on-quarter to N2.28 trillion. On a year-on-year basis, VAT in Q3 2025 grew by 28.1 per cent.
In Q3 2025, local VAT payments amounted to N1.12 trillion, while foreign VAT contributed N680.23 billion. Import VAT stood at N479.79 billion during the period.
Sectoral analysis showed that Administrative and Support Services posted the highest quarter-on-quarter growth at 89.28 per cent. Arts, Entertainment and Recreation followed with 82.49 per cent growth, while Human Health and Social Work recorded a 32.4 per cent increase. In contrast, the Real Estate sector experienced the steepest decline at 51.33 per cent.
Manufacturing accounted for the largest share of VAT contributions at 25.89 per cent, followed by Information and Communication at 18.77 per cent and Mining and Quarrying at 14.85 per cent.
Similarly, Company Income Tax revenue rose sharply by 48 per cent to N7.72 trillion in the first nine months of 2025, compared to N5.22 trillion in the corresponding period of 2024.
On a quarterly basis, CIT stood at N1.98 trillion in Q1 2025, increased by 40 per cent to N2.78 trillion in Q2, and further rose by 5.7 per cent to N2.96 trillion in Q3. The Q3 figure represented a 67.19 per cent year-on-year increase.
Further details showed that domestic CIT payments in Q3 2025 amounted to N1.21 trillion, while foreign CIT payments stood at N1.75 trillion, underscoring the significant role of foreign-sourced earnings.
Overall, the strong performance in VAT and CIT highlights the growing resilience of Nigeria’s non-oil revenue base and improved government revenue mobilisation efforts.
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