The Nationwide Bureau of Statistics has reported that Nigeria’s mixture Worth Added Tax for Q2 2025 stood at N2.06 trillion.
This was disclosed within the VAT Q2 2025 report launched in Abuja on Tuesday.
In keeping with the report, the Q2 determine represents a slight quarter-on-quarter lower of 0.03 per cent from the N2.06 trillion recorded in Q1 2025.
It confirmed that native VAT funds totalled N1.09 trillion, overseas VAT funds contributed N459.95 billion, whereas import VAT amounted to N508.55 billion in Q2 2025.
On a quarter-on-quarter foundation, the report indicated that actual property actions recorded the very best progress price at 155.21 per cent, adopted by agriculture, forestry and fishing at 23.64 per cent, and knowledge and communication at 17.75 per cent.
“Alternatively, human well being and social work actions had the bottom progress price at –68.34 per cent, adopted by electrical energy, fuel, steam and air con provide at –45.20 per cent.
“This was adopted by water provide, sewerage, waste administration and remediation actions at –29.36 per cent.”
In sectoral contribution, the highest three actions with the most important shares in Q2 2025 had been manufacturing at 27.19 per cent, info and communication at 20.76 per cent, and mining and quarrying at 15.04 per cent.
“Alternatively, actions of households as employers, undifferentiated items and services-producing actions of households for personal use recorded the least share at 0.005 per cent.
“This was adopted by actions of extraterritorial organisations and our bodies at 0.02 per cent, and water provide, sewerage, waste administration at 0.03 per cent.”
On a year-on-year foundation, VAT collections in Q2 2025 elevated by 32.15 per cent from Q2 2024.
In the meantime, the combination VAT for Q1 2025 stood at N2.06 trillion, reflecting a 6.02 per cent rise from the N1.95 trillion recorded in This fall 2024.
In keeping with the VAT Q1 2025 report, native VAT funds had been N1.10 trillion, overseas VAT funds amounted to N454.76 billion, and import VAT contributed N507.00 billion.
On a quarter-on-quarter foundation, Q1 2025 noticed electrical energy, fuel, steam and air con provide report the very best progress price at 136.71 per cent, adopted by administrative and assist service actions at 45.24 per cent, {and professional}, scientific and technical actions at 39.00 per cent.
“Alternatively, actions of extraterritorial organisations and our bodies had the bottom progress price at –35.70 per cent, adopted by wholesale and retail commerce, restore of motor autos and bikes, and actual property actions at –14.51 per cent and –11.54 per cent, respectively.”
Sectoral contributions for Q1 2025 confirmed manufacturing at 26.03 per cent, info and communication at 17.51 per cent, and mining and quarrying at 17.02 per cent.
“Alternatively, actions of households as employers, undifferentiated items and services-producing actions of households for personal use recorded the least share at 0.004 per cent.
“This was adopted by actions of extraterritorial organisations and our bodies at 0.02 per cent, and water provide, sewerage, waste administration at 0.04 per cent.”
On a year-on-year foundation, VAT collections in Q1 2025 elevated by 44.24 per cent from Q1 2024.