Manufacturing, information and communication, and mining and quarrying top sectors in Nigeria that generated N2.42 trillion in revenue from value-added tax (VAT) in the first quarter (Q1) of 2026.
This is contained in the latest sectoral distribution of value-added tax report released by the National Bureau of Statistics (NBS).
From a quarter-on-quarter basis, the figure represents a 9.98 percent increase compared to the N2.20 trillion recorded in the fourth quarter (Q4) of 2025.
However, on a year-on-year basis, VAT collections in Q1 2026 increased by 17.06 percent (N2.06 trillion) from Q1 2025.
Read also: Corporate taxes fall for first time since 2023 as VAT surges
VAT, which is a consumption tax, is being administered by the Nigeria Revenue Service (NRS).
Revenue generated from VAT is usually disbursed to the three tiers of government through the Federation Accounts Allocation Committee (FAAC).
NBS said of the total VAT collected in Q1 2026,
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