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Nigeria’s VAT revenue rose to N2.42 trillion in Q1 2026, up 9.98% quarter-on-quarter and 17.06% year-on-yearThe breakdown shows local VAT at N1.11 trillion, foreign VAT at N830.47 billion, and import VAT at N477.55 billionManufacturing, ICT, and mining led sectoral contributions, while education and public administration
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The National Bureau of Statistics (NBS) has revealed that Nigeria’s Value Added Tax (VAT) revenue rose to N2.42 trillion in the first quarter of 2026, representing a 9.98% increase from the N2.20 trillion recorded in Q4 2025.
This was disclosed in the bureau’s latest Sectoral Distribution of VAT report released on June 11, 2026. According to the report, total VAT collections in Q1 2026 stood at N2.42 trillion, driven by contributions from local, foreign, and import-related payments.
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