The National Bureau of Statistics (NBS) said the aggregate Value Added Tax (VAT) stood at N2.06 trillion in Q2 2025.
This is according to the VAT Q2 2025 Report released in Abuja on Tuesday.
The report shows a decrease of 0.03 per cent on a quarter-on-quarter basis from N2.06 trillion recorded in Q1 2025.
The report also showed that local payments recorded were N1.09 trillion while foreign VAT payments contributed N459.95 billion, while import VAT contributed N508.55 billion in Q2 2025.
On a quarter-on-quarter basis, the report showed that real estate activities recorded the highest growth rate at 155.21 per cent , followed by the activities of Agriculture, forestry and fishing at 23.64 per cent.
This was followed by Information and communication at 17.75 per cent .
“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.
“This was followed by Water supply, sewerage, waste management and remediation activities at –29.36 per cent .”
In terms of sectoral contributions, the report showed the top three activities with the largest shares 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 .
“On the other hand, activities of households as employers, undifferentiated goods and services-producing activities of households for own use recorded the least share at 0.005 per cent.
“This was followed by activities of extraterritorial organisations and bodies at 0.02 per cent, and water supply, sewerage, waste management at 0.03 per cent.”
However, on a year-on-year basis, it showed that VAT collections in Q2 2025, increased by 32.15 per cent from Q2 2024.
Meanwhile the aggregate VAT for Q1 2025 stood at N2.06 trillion, showing an increase of 6.02 per cent from the N1.95 religion recorded in Q4 2024.
According to the VAT Q1 2025 report local payments recorded were N1.10trillion while foreign VAT payments contributed N454.76 billion, while import VAT contributed N507.00 billion.
On a quarter-on-quarter basis, the report showed that electricity, gas, steam and air conditioning supply recorded the highest growth rate at 136.71 per cent , followed by the activities of administrative and support service activities at 45.24 per cent .
This was followed by Professional, scientific and technical activities at 39.00 per cent.
“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. ”
In terms of sectoral contributions, the top three activities with the largest shares 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 .
“On the other hand, activities of households as employers, undifferentiated goods and services-producing activities of households for own use recorded the least share at 0.004 per cent.
“This was followed by activities of extraterritorial organisations and bodies at 0.02 per cent, and water supply, sewerage, waste management at 0.04 per cent.”
However, on a year-on-year basis, it showed that VAT collections in Q1 2025, increased by 44.24 per cent from Q1 2024.
