Nigeria’s VAT revenue hits N2.42 trillion in Q1 2026, up 10%

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The National Bureau of Statistics (NBS) says Nigeria’s Value Added Tax (VAT) revenue rose to N2.42 trillion in the first quarter of 2026. This is a 9.98% increase from the N2.20 trillion recorded in the fourth quarter of 2025.

The NBS disclosed this in its latest Sectoral Distribution of VAT report released on June 11, 2026. Total VAT collections were driven by contributions from local, foreign, and import-related payments.

Local VAT payments accounted for N1.11 trillion. Foreign VAT payments stood at N830.47 billion. Import VAT contributed N477.55 billion during the period.

On a year-on-year basis, VAT revenue grew by 17.06% compared to the first quarter of 2025. Manufacturing, ICT, and mining led sectoral contributions. Education and public administration recorded the lowest contributions.

The report also showed that activities of households as employers recorded the highest sectoral growth rate at 74%.

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