The latest VAT report published by the Bureau National Statistics (NBS), which covers Q2 2025 indicates that Nigeria has recorded a total value added tax (VAT) collection of 2.06 trillion naira in the second quarter of 2025.

The second-quarter figure reflects a slight decrease of 0.03% compared to the 2.06 trillion naira generated in the first quarter 2025. According to detailed data analysis, VAT payments local businesses remained the main driver of growth, contributing in the amount of 1,090 billion naira, while VAT payments abroad represented 459.95 billion naira. Import VAT receipts amounted to N508.55 billion for the quarter.

The report highlighted solid performances sectoral from one quarter to the next, with real estate activities recording the highest growth at 155.21%, followed by agriculture, forestry and fishing at 23.64%, and information and communication at 17.75%.

According to the National Bureau of Statistics (NBS), “activities related to human health and social action have recorded the lowest growth rate at 68.34%, followed by the supply of electricity, gas, steam and air conditioning (-45.20%). This is followed by water supply activities, sanitation, waste management and pollution control (-29.36%)”.

The manufacturing sector remained the main contributor to VAT in the second quarter, representing 27.19%, before information and communication at 20.76% and mining and careers at 15.04%.