The National Bureau of Statistics (NBS) says the aggregate value-added tax (VAT) stood at N2.06 trillion in Q2 2025.
NBS said in the VAT Q2 2025 report released on Tuesday that this 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, and 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%, followed by agriculture, forestry, and fishing at 23.64%. This was followed by information and communication at 17.75%.
“On the other hand, human health and social work activities had the lowest growth rate at 68.34%, followed by electricity, gas, steam, and air conditioning supply, with 45.20%.
“This was followed by water supply, sewerage, waste management, and remediation activities at 29.36%.”
In terms of sectoral contributions, the report showed the top three activities with the largest shares in Q2 2025 were manufacturing at 27.19%, information and communication at 20.76% and mining and quarrying at 15.04%.
“On the other hand, activities of households as employers and undifferentiated goods and services-producing activities of households for own use recorded the least share at 0.005%.
“This was followed by activities of extraterritorial organisations and bodies at 0.02%, and water supply, sewerage, and waste management at 0.03%,” the bureau said.
However, on a year-on-year basis, VAT collections in Q2 2025 increased by 32.15% from Q2 2024.
Meanwhile, the aggregate VAT for Q1 2025 stood at N2.06 trillion, up 6.02% from N1.95 trillion in Q4 2024.
The report also showed that local payments recorded were N1.09 trillion, while foreign VAT payments contributed N459.95 billion, and import VAT contributed N508.55 billion in Q2 2025.
According to the VAT Q1 2025 report, local payments recorded were N1.10 trillion, while foreign VAT payments contributed N454.76 billion, and 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%, followed by administrative and support service activities at 45.24%. This was followed by professional, scientific, and technical activities at 39.00%.
“On the other hand, activities of extraterritorial organisations and bodies had the lowest growth rate at 35.70%, followed by wholesale and retail trade, repair of motor vehicles and motorcycles, and real estate activities at 14.51% and 11.54%, respectively.”
In terms of sectoral contributions, the top three activities with the largest shares in Q1 2025 were manufacturing at 26.03%, information and communication at 17.51% and mining and quarrying at 17.02%.
“On the other hand, activities of households as employers and undifferentiated goods and services-producing activities of households for own use recorded the least share at 0.004%.
“This was followed by activities of extraterritorial organisations and bodies at 0.02%, and water supply, sewerage, and waste management at 0.04,” NBS said.
However, on a year-on-year basis, VAT collections in Q1 2025 increased by 44.24% from Q1 2024. (NAN)
