Nigeria’s VAT Revenue Hits N2.06trn in Q2 2025 Despite Slight Quarterly Dip

|By Babatunji Wusu

Nigeria’s value-added tax (VAT) revenue climbed to N2.06 trillion in the second quarter of 2025, according to fresh data the National Bureau of Statistics (NBS) released on Tuesday. The figure reflects a 32.15 percent surge year-on-year, rising from the N1.56 trillion posted in Q2 2024.

However, the report shows that VAT collections inched down by 0.03 percent when compared to the first quarter of 2025, slipping marginally from the N2.06 trillion recorded in Q1.

A sectoral analysis reveals that local VAT payments drove N1.09 trillion, while foreign VAT contributed N459.95 billion. Import VAT generated an additional N508.55 billion within the period under review.

Real estate activities soared by 155.21 percent, marking the strongest quarter-on-quarter growth. The agriculture, forestry and fishing sector expanded by 23.64 percent, while information and communication services advanced by 17.75 percent.

In contrast, human health and social work activities plunged by 68.34 percent, making it the worst-hit sector. The electricity, gas, steam and air-conditioning segment fell by 45.20 percent, and water supply, sewerage, waste management and remediation services declined by 29.36 percent, the NBS report added.