Manufacturing, ICT lead sectors that paid the most VAT in Nigeria in Q1 - Businessday NG

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