Nigeria’s value-added tax revenue collections have seen a significant increase, reaching N2.06 trillion in the second quarter of 2025. According to a recent report by the National Bureau of Statistics, this represents a 32.15 percent year-on-year growth from the N1.56 trillion recorded in the same period in 2024.
The latest VAT report indicates a slight decline of 0.03 percent in VAT collections compared to the first quarter of 2025, which also stood at N2.06 trillion. A breakdown of the revenue sources shows that local VAT payments contributed N1.09 trillion, while foreign VAT payments and import VAT accounted for N459.95 billion and N508.55 billion, respectively.
In terms of sectoral performance, real estate activities experienced the highest growth rate, increasing by 155.21 percent quarter-on-quarter. The agriculture, forestry, and fishing sector, as well as the information and communication sector, also saw notable growth rates of 23.64 percent and 17.75 percent, respectively. Conversely, human health and social work activities recorded a significant decline of 68.34 percent, followed by electricity, gas, steam, and air-conditioning supply, which fell by 45.20 percent.
The National Bureau of Statistics’ report highlights the fluctuations in VAT revenue across different sectors, providing insight into Nigeria’s economic performance. The increase in VAT revenue collections is a positive indication of the country’s economic growth, despite the decline in certain sectors. As Nigeria continues to navigate its economic landscape, the VAT revenue collections will be closely monitored to assess the impact of economic policies and sectoral performance on the country’s revenue generation.
