Revenue generated from Value Added Tax, VAT, and Company Income Tax, CIT, fell year-on-year (YoY) by 6.2 percent to N3.79 trillion in the first quarter of 2026 (Q1’26) from N4.04 trillion in Q1’25
June 16, 2026
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By Elizabeth Adegbesan
Revenue generated from Value Added Tax, VAT, and Company Income Tax, CIT, fell year-on-year (YoY) by 6.2 percent to N3.79 trillion in the first quarter of 2026 (Q1’26) from N4.04 trillion in Q1’25.
The National Bureau of Statistics, NBS, disclosed this in its report on VAT and CIT for Q1’26 , which showed that the decline in revenue was driven by a 3.08 percent YoY fall in CIT during the period.
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