Revenue from Value Added Tax (VAT) rose sharply by 37.7% year-on-year to N4.12 trillion in the first half of 2025 (H1’25), up from N2.99 trillion in H1’24, according to the National Bureau of Statistics (NBS).

The Q2’25 VAT report, released in Abuja, showed a slight quarter-on-quarter decline of 0.03%, from N2.06 trillion in Q1’25.

Breakdown of Q2’25 VAT Revenue:

• Local VAT payments: N1.09 trillion
• Foreign VAT payments: N459.95 billion
• Import VAT: N508.55 billion

Sector Performance:

• Highest quarter-on-quarter growth: Real estate (155.21%), agriculture/forestry/fishing (23.64%), information & communication (17.75%)
• Lowest growth: Human health & social work activities (–68.34%), electricity/gas/steam & AC supply (–45.20%), water supply/sewerage/waste management (–29.36%)

Contribution to Total VAT Collections:

• Manufacturing: 27.19%
• Information & communication: 20.76%
• Mining & quarrying: 15.04%
• Least contributions: Households as employers (0.005%), extraterritorial organisations/bodies (0.02%), water supply & waste management (0.03%)

On a year-on-year basis, Q2’25 VAT revenue grew by 32.15% compared to N1.56 trillion in Q2’24.