Nigeria’s Value Added Tax (VAT) revenue remained stable in the second quarter of 2025, reaching ₦2.06 trillion, according to new data released by the National Bureau of Statistics (NBS).

The figure shows almost no change from the ₦2.06 trillion recorded in the first quarter of the year, reflecting a slight decline of 0.03 percent.

The breakdown of the Q2 numbers shows that local VAT payments contributed ₦1.09 trillion, while foreign VAT payments amounted to ₦459.95 billion. Import VAT, collected at the ports, added another ₦508.55 billion.

The NBS report highlighted significant differences across economic sectors. Real estate activities recorded the strongest quarter-on-quarter growth at 155.21 percent, followed by agriculture, forestry and fishing at 23.64 percent, and the information and communication sector at 17.75 percent.

In contrast, some sectors experienced major declines. Human health and social work activities dropped sharply by 68.34 percent. Electricity, gas, steam and air-conditioning supply also fell by 45.20 percent, while water supply, sewerage, waste management, and remediation services declined by 29.36 percent.

In terms of overall contributions to VAT revenue, manufacturing led the list with 27.19 percent of the total. The information and communication sector followed with 20.76 percent, while mining and quarrying accounted for 15.04 percent.

At the bottom of the contribution chart were activities of households as employers, which recorded just 0.005 percent. Extraterritorial organisations and bodies contributed 0.02 percent, while water supply and waste management added 0.03 percent.

Despite the slight quarterly dip, the year-on-year performance was significantly stronger. VAT collections in Q2 2025 rose by 32.15 percent compared to the same period in 2024, highlighting steady economic activity across key sectors.