Nigeria VAT Revenue Holds Steady in Q2

The Nigerian Government’s Value Added Tax (VAT) revenue remained stable at ₦2.06 trillion in Q2 2025, according to the National Bureau of Statistics (NBS) report on sectoral VAT distribution.

The NBS noted that this represented a marginal decline of 0.03% from Q1 2025, when VAT revenue also stood at ₦2.06 trillion.

In Q2 2025, local VAT payments accounted for ₦1.09 trillion, foreign VAT payments contributed ₦459.95 billion, and import VAT added ₦508.55 billion.

Among sectors, real estate activities recorded the highest quarter-on-quarter growth at 155.21%, followed by agriculture, forestry, and fishing at 23.64%, and information and communication at 17.75%.

Nigeria VAT Revenue Holds Steady in Q2. Credit: Guardian

Conversely, human health and social work activities saw the steepest decline at –68.34%, followed by electricity, gas, steam, and air conditioning supply at 45.20%, and water supply, sewerage, waste management, and remediation activities at –29.36%.

In terms of contribution to total VAT, manufacturing led with 27.19%, followed by information and communication at 20.76%, and mining and quarrying at 15.04%.

Sectors with the smallest shares included households as employers and undifferentiated household activities at 0.005%, extraterritorial organisations and bodies at 0.02%, and water supply and waste management at 0.03%.

On a year-on-year basis, VAT collections in Q2 2025 increased 32.15% compared with Q2 2024.

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