Nigeria’s VAT revenue remained steady at ₦2.06 trillion in Q2 2025, NBS reported.
However, this amount represents a slight 0.03% decline from the ₦2.06 trillion collected in Q1 2025.
Stable VAT Revenue
Specifically, local payments contributed ₦1.09 trillion, foreign VAT added ₦459.95 billion, and import VAT brought ₦508.55 billion.
Notably, real estate recorded the highest growth at 155.21%, followed by agriculture at 23.64%.
Moreover, information and communication grew 17.75%, reflecting strong performance in technology and media sectors.
Sectoral Winners And Losers
In contrast, human health and social work activities fell 68.34%, while electricity supply declined 45.20%.
Similarly, water supply, sewerage, and waste management dropped 29.36%, showing sector-specific challenges.
Meanwhile, manufacturing led sector contributions with 27.19%, followed by information and communication at 20.76%.
Additionally, mining and quarrying contributed 15.04%, while households accounted for only 0.005% of total VAT.
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Extraterritorial organisations and water management added 0.02% and 0.03% respectively, contributing minimally.
Growth Trends And Outlook
Year-on-year, Q2 2025 VAT rose 32.15% compared with Q2 2024, indicating stronger economic activity.
Furthermore, Q1 2025 VAT stood at ₦2.06 trillion, a 6.02% increase from ₦1.95 trillion in Q4 2024.
Electricity and gas supply grew 136.71% quarter-on-quarter, demonstrating rapid expansion in energy services.
Similarly, administrative and support services rose 45.24%, while professional and technical activities grew 39%.
However, wholesale and retail trade, along with real estate, contracted, highlighting uneven economic recovery.
Finally, Q4 2024 VAT reached a record ₦1.95 trillion, up 9.23% from Q3, boosted by compliance and inflation.
Overall, Nigeria’s VAT performance reveals resilience, sectoral contrasts, and evolving economic patterns shaping revenue.
