Nigeria’s manufacturing sector remitted a record N329.59bn in Value Added Tax in the first quarter of 2026, the highest quarterly VAT contribution by the sector in four years and the largest share recorded by any economic activity during the period.
Data released by the National Bureau of Statistics showed that VAT collections from manufacturing rose from N292.12bn in the fourth quarter of 2025 to N329.59bn in Q1 2026, representing a quarter-on-quarter increase of 12.82 per cent.
The figure surpassed the previous quarter’s remittance by N37.47bn and exceeded the sector’s previous peak of N297.68bn recorded in the second quarter of 2025 by 10.72 per cent.
The latest collection also represented a sharp rise from the N112.97bn recorded in the first quarter of 2022, the lowest level in the four years under review.
Compared with that figure, manufacturing VAT remittance has surged by 191.74 per cent, meaning the sector now generates almost three times the VAT revenue it contributed four years ago.
