Nigeria Recorded N2.06 Trillion VAT in Q2 2025 – NBS

The National Bureau of Statistics (NBS) says the aggregate value-added tax (VAT) stood at N2.06 trillion in Q2 2025.

NBS said in the VAT Q2 2025 report released on Tuesday that this shows a decrease of 0.03 per cent on a quarter-on-quarter basis from N2.06 trillion recorded in Q1 2025.

The report also showed that local payments recorded were N1.09 trillion, while foreign VAT payments contributed N459.95 billion, and import VAT contributed N508.55 billion in Q2 2025.

On a quarter-on-quarter basis, the report showed that real estate activities recorded the highest growth rate at 155.21 per cent, followed by agriculture, forestry, and fishing at 23.64 per cent. This was followed by information and communication at 17.75 per cent.

“On the other hand, human health and social work activities had the lowest growth rate at 68.34 per cent, followed by electricity, gas, steam, and air conditioning supply, with 45.20 per cent.

“This was followed by water supply, sewerage, waste management, and remediation activities at 29.36 per cent.”

In terms of sectoral contributions, the report showed the top three activities with the largest shares in Q2 2025 were manufacturing at 27.19 per cent, information and communication at 20.76 per cent and mining and quarrying at 15.04 per cent.

“On the other hand, activities of households as employers and undifferentiated goods and services-producing activities of households for own use recorded the least share at 0.005 per cent.

“This was followed by activities of extraterritorial organisations and bodies at 0.02 per cent, and water supply, sewerage, and waste management at 0.03 per cent,” the bureau said.

However, on a year-on-year basis, VAT collections in Q2 2025 increased by 32.15 per cent from Q2 2024.

Meanwhile, the aggregate VAT for Q1 2025 stood at N2.06 trillion, up 6.02 per cent from N1.95 trillion in Q4 2024.

According to the VAT Q1 2025 report, local payments recorded were N1.10 trillion, while foreign VAT payments contributed N454.76 billion, and import VAT contributed N507.00 billion.

On a quarter-on-quarter basis, the report showed that electricity, gas, steam, and air conditioning supply recorded the highest growth rate at 136.71 per cent, followed by administrative and support service activities at 45.24 per cent. This was followed by professional, scientific, and technical activities at 39.00 per cent.

“On the other hand, activities of extraterritorial organisations and bodies had the lowest growth rate at 35.70 per cent, followed by wholesale and retail trade, repair of motor vehicles and motorcycles, and real estate activities at 14.51 per cent and 11.54 per cent, respectively.”

In terms of sectoral contributions, the top three activities with the largest shares in Q1 2025 were manufacturing at 26.03 per cent, information and communication at 17.51 per cent and mining and quarrying at 17.02 per cent.

“On the other hand, activities of households as employers and undifferentiated goods and services-producing activities of households for own use recorded the least share at 0.004 per cent.

“This was followed by activities of extraterritorial organisations and bodies at 0.02 per cent, and water supply, sewerage, and waste management at 0.04 per cent,” NBS said.

However, on a year-on-year basis, VAT collections in Q1 2025 increased by 44.24 per cent from Q1 2024.

(NAN)