By Nchetachi Chukwuajah
The National Bureau of Statistics (NBS) said Nigeria recorded an aggregate Value Added Tax (VAT) of N2.06 trillion in the second quarter of 2025.
This was contained in the VAT Q2 2025 report of the NBS released in Abuja on Tuesday, November 25, which shows a 0.03 per cent decrease on a quarter-on-quarter basis from N2.06 trillion recorded in the first quarter of 2025.
However, VAT collections in Q2 2025 increased by 32.15 per cent on a year-on-year basis from what was recorded in Q2 2024.
According to the report, local payments recorded were N1.09 trillion, while foreign VAT payments contributed N459.95 billion, and import VAT contributed N508.55 billion in Q2 2025.
On a quarter-on-quarter basis, the report showed that real estate activities recorded the highest growth rate at 155.21 per cent.
It was followed by agriculture, forestry, and fishing at 23.64 per cent, while information and communication placed third at 17.75 per cent.
“On the other hand, human health and social work activities had the lowest growth rate at –68.34 per cent, followed by electricity, gas, steam, and air conditioning supply at –45.20 per cent.
“This was followed by water supply, sewerage, waste management, and remediation activities at –29.36 per cent,” the statement added.
In terms of sectoral contributions, an analysis of the report showed that the top three activities with the largest shares in Q2 2025 were manufacturing at 27.19 per cent, information and communication at 20.76 per cent, and mining and quarrying at 15.04 per cent.
“On the other hand, activities of households as employers, undifferentiated goods and services-producing activities of households for own use recorded the least share at 0.005 per cent.
“This was followed by activities of extraterritorial organisations and bodies at 0.02 per cent, and water supply, sewerage, waste management at 0.03 per cent,” the report stated.
The aggregate VAT for Q1 2025 was N2.06 trillion, a 6.02 per cent increase from the N1.95 trillion recorded in Q4 2024.
On a year-on-year basis, however, VAT collections in Q1 2025 increased by 44.24 percent from what was recorded in Q1 2024.
The VAT Q1 2025 report showed that recorded local payments were N1.10 trillion, foreign VAT payments contributed N454.76 billion, and import VAT contributed N507.00 billion.
On a quarter-on-quarter basis, the report showed that electricity, gas, steam, and air conditioning supply recorded the highest growth rate at 136.71 percent.
It was followed by administrative and support service activities at 45.24 per cent, and professional, scientific, and technical activities at 39.00 per cent.
The report added, “On the other hand, activities of extraterritorial organisations and bodies had the lowest growth rate at –35.70 per cent, followed by wholesale and retail trade, repair of motor vehicles and motorcycles, and real estate activities at –14.51 per cent and –11.54 per cent, respectively.”
It showed that in terms of sectoral contributions, the top three activities with the largest shares in Q1 2025 were manufacturing at 26.03 per cent, information and communication at 17.51 per cent, and mining and quarrying at 17.02 per cent.
