Nigeria’s VAT Revenue Rises to N2.28tn in Q3 2025, Up 10.66% — NBS

Nigeria’s Value Added Tax (VAT) revenue rose to N2.28 trillion in the third quarter of 2025, representing a 10.66 per cent increase from the N2.06 trillion recorded in Q2 2025, according to the National Bureau of Statistics (NBS).

The figures were contained in the Sectorial Distribution of VAT Q3 2025 report published on the bureau’s website on Tuesday.

On a year-on-year basis, VAT collections grew by 28.10 per cent compared to Q3 2024, reflecting improved revenue performance across key sectors of the economy.

A breakdown of the report shows that local VAT payments accounted for the largest share at N1.12 trillion. Foreign VAT payments contributed N680.23 billion, while import VAT added N479.79 billion during the period.

“Value Added Tax (VAT) in Q3 2025 was N2.28 trillion, showing an increase of 10.66% on a quarter-on-quarter basis from N2.06 trillion in Q2 2025. Local payments stood at N1.12 trillion, foreign VAT payments were N680.23 billion, while import VAT contributed N479.79 billion in Q3 2025,” the report stated.

In terms of growth performance, administrative and support service activities recorded the highest quarter-on-quarter increase at 89.28 per cent. This was followed by arts, entertainment and recreation at 82.49 per cent, and human health and social work activities at 32.40 per cent.

Conversely, real estate activities posted the sharpest decline at -51.33 per cent. Activities of households as employers, as well as undifferentiated goods and services-producing activities of households for own use, fell by -36.22 per cent, while other service activities declined by –20.30 per cent.

By sectoral contribution, manufacturing led with 25.89 per cent of total VAT in Q3 2025. Information and communication followed with 18.77 per cent, while mining and quarrying accounted for 14.85 per cent.

At the lower end, activities of households as employers and undifferentiated goods- and services-producing activities of households for own use recorded the smallest share at 0.003 per cent. Activities of extraterritorial organisations and bodies, as well as water supply, sewerage and waste management, contributed 0.03 per cent each.