Nigeria recorded N2.06trn VAT in Q2 2025 – NBS

The National Bureau of Statistics (NBS) said the aggregate Value Added Tax (VAT) stood at N2.06 trillion in Q2 2025. This is according to the VAT Q2 2025 Report released in Abuja on Tuesday. The report showed a decrease of 0.03 per cent on a quarter-on-quarter basis from N2.06 trillion recorded in Q1 2025. The […]

The National Bureau of Statistics (NBS) said the aggregate Value Added Tax (VAT) stood at N2.06 trillion in Q2 2025.

This is according to the VAT Q2 2025 Report released in Abuja on Tuesday.

The report showed 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 the activities of 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, 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, waste management at 0.03 per cent.”