VAT revenue rises for 7th straight quarter, hits N2.06tr in Q2 2025

Nigeria’s Value Added Tax (VAT) revenue has recorded its seventh consecutive quarterly increase, reaching N2.06 trillion in the second quarter of 2025, according to a new report from the National Bureau of Statistics (NBS).

The report shows that VAT collection grew by 32.15%, rising from N1.56 trillion in Q2 2024. Local VAT payments accounted for the largest portion with N1.09 trillion, followed by foreign VAT payments at N459.95 billion and import VAT at N508.55 billion.

Sector Performance

Quarter-on-quarter, the highest growth was seen in:

Real estate – 155.21%

Agriculture, forestry & fishing – 23.64%

Information & communication – 17.75%


The weakest sectors were:

Human health & social work – –68.34%

Electricity, gas, steam & air conditioning – –45.20%

Water supply, sewage & waste management – –29.36%


Largest Contributors to VAT Earnings in Q2 2025

Manufacturing – 27.19%

Information & communication – 20.76%

Mining & quarrying – 15.04%


Household activities recorded the lowest share at 0.005%, followed by extraterritorial organisations (0.02%) and water/waste management (0.03%).

VAT revenue has been on an upward trend since Q3 2023, following fuel subsidy removal and exchange rate unification. Collections grew from N948.07bn in Q3 2023 to N1.95tr by Q4 2024, before rising further to N2.06tr in Q2 2025.