The National Bureau of Statistics (NBS) has announced that Nigeria generated N2.06 trillion in Value Added Tax (VAT) for the second quarter of 2025.
According to the VAT Q2 2025 report released in Abuja, the figure represents a 0.03% decline from the N2.06 trillion recorded in Q1 2025.
The breakdown of VAT revenue for Q2 2025 shows:
- Local VAT payments: N1.09 trillion
- Foreign VAT payments: N459.95 billion
- Import VAT: N508.55 billion
The NBS report also highlighted sectoral performance on a quarter-on-quarter basis, with real estate activities recording the highest growth rate at 155.21%, followed by agriculture, forestry, and fishing at 23.64%.
Information and communication also recorded significant growth at 17.75%.
Meanwhile, the sectors with the sharpest declines included:
- Human health and social work activities: –68.34%
- Electricity, gas, steam, and air conditioning supply: –45.20%
- Water supply, sewerage, and waste management: –29.36%
Top Sectoral Contributors in Q2 2025
The leading contributors to VAT revenue in Q2 2025 were:
- Manufacturing: 27.19%
- Information and communication: 20.76%
- Mining and quarrying: 15.04%
The smallest contributors were:
- Household activities as employers: 0.005%
- Extraterritorial organisations: 0.02%
- Water supply and waste management: 0.03%
On a year-on-year basis, VAT collections increased by 32.15% compared to Q2 2024, showing continued growth in government tax receipts.
Q1 2025 VAT Overview
The NBS also confirmed that VAT for Q1 2025 stood at N2.06 trillion, representing a 6.02% increase from the N1.95 trillion recorded in Q4 2024.
Q1 VAT revenue breakdown:
- Local VAT payments: N1.10 trillion
- Foreign VAT payments: N454.76 billion
- Import VAT: N507.00 billion
During Q1 2025, the sectors with the highest growth rates included:
- Electricity, gas, steam, and air conditioning supply: 136.71%
- Administrative and support services: 45.24%
- Professional, scientific and technical activities: 39.00%
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Sectors with the lowest growth rates included:
- Extraterritorial organisations and bodies: –35.70%
- Wholesale and retail trade, repair of motor vehicles: –14.51%
- Real estate activities: –11.54%
Top contributors in Q1 were:
- Manufacturing: 26.03%
- Information and communication: 17.51%
- Mining and quarrying: 17.02%
Minimal contributors remained:
- Households as employers: 0.004%
- Extraterritorial organisations: 0.02%
- Water supply and waste management: 0.04%
- Year-on-year, Q1 2025 VAT collections rose by 44.24% compared to Q1 2024.
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