Nigeria recorded a strong increase in Value Added Tax (VAT) collections in the first quarter of 2026, reflecting improved economic activity and stronger tax compliance across key sectors of the economy.
According to data released by the National Bureau of Statistics (NBS), VAT revenue rose to ₦2.42 trillion in Q1 2026, representing a 17.06% increase compared to ₦2.07 trillion recorded in the same period of 2025.
The figure also shows a 9.98% rise when compared with ₦2.20 trillion generated in the fourth quarter of 2025, indicating steady quarter-on-quarter growth.
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The report highlights that Nigeria’s tax system is gradually becoming more efficient, especially following recent reforms aimed at strengthening revenue collection and reducing leakages.
Breakdown of VAT collections
Of the total VAT generated during the quarter:
Local transactions contributed ₦1.11 trillion, showing strong domestic consumption and business activity.
Foreign VAT payments accounted for ₦830.47 billion, reflecting continued import-related economic engagement.
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