The National Bureau of Statistics has reported that Nigeria’s aggregate value-added tax for the second quarter of 2025 stood at N2.06 trillion, showing what it described as a slight decrease of 0.03 per cent on a quarter-on-quarter basis compared to the N2.06 trillion recorded in the first quarter of the year. The VAT Q2 2025 report, released on Tuesday, explained the breakdown of the collections and the performance of different sectors during the period.
According to the bureau, local VAT payments in Q2 2025 were recorded at N1.09 trillion, while foreign VAT payments contributed N459.95 billion. Import VAT also added N508.55 billion to the total figure. In its analysis of sectoral growth, the NBS said real estate activities recorded the highest growth rate at 155.21 per cent on a quarter-on-quarter basis. This was followed by agriculture, forestry, and fishing at 23.64 per cent, and information and communication at 17.75 per cent.
The report also pointed out that some sectors saw much lower growth. It stated that “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, with 45.20 per cent.” It added that water supply, sewerage, waste management, and remediation activities recorded a growth rate of 29.36 per cent.
In terms of contributions to total VAT, the NBS said the top three performing sectors 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. The report noted that “on the other hand, activities of households as employers and undifferentiated goods and services-producing activities of households for own use recorded the least share at 0.005 per cent.” It added that activities of extraterritorial organisations and bodies contributed 0.02 per cent, while water supply, sewerage, and waste management accounted for 0.03 per cent.
Despite the slight quarter-on-quarter drop, the NBS said VAT collections in Q2 2025 rose by 32.15 per cent on a year-on-year basis compared to Q2 2024. The report also provided a reminder of the Q1 2025 performance, where aggregate VAT stood at N2.06 trillion, marking a 6.02 per cent increase from the N1.95 trillion recorded in Q4 2024.
In the Q1 2025 breakdown, local VAT payments were N1.10 trillion, foreign payments were N454.76 billion, and import VAT contributed N507.00 billion. The bureau stated that electricity, gas, steam, and air conditioning supply recorded the highest growth rate in Q1 2025 at 136.71 per cent, followed by administrative and support service activities at 45.24 per cent, and professional, scientific, and technical activities at 39.00 per cent.
It added that “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.”
The top contributors 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. The bureau also noted that activities of households as employers had the least share at 0.004 per cent, followed by extraterritorial organisations at 0.02 per cent and water supply, sewerage, and waste management at 0.04 per cent.
