VAT grows by 10.7% QoQ to N2.28trn in Q3 2025, says NBS

The National Bureau of Statistics (NBS) on Tuesday disclosed that Value Added Tax (VAT) in third quarter (Q3) 2025 stood at N2.28 trillion, showing an increase of 10.66per cent on a Quarter-on-Quarter (QoQ) basis from N2.06 trillion in Q2 2025. 

According to the latest , the local payments stood at N1.12 trillion, while the foreign 

VAT Payments were N680.23 billion, while import VAT contributed N479.79 billion in Q3 2025.  

The report revealed that administrative and support service activities on a quarter-on-quarter basis recorded the highest  growth rate with 89.28per cent; followed by Arts, entertainment and recreation with 82.49per cent and Human health and social work activities with 32.40per cent. 

“ On the other hand, Real estate activities had the lowest growth rate with –51.33per cent, followed by Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use with –36.22per cent; and  Other service activities with –20.30per cent. 

“In terms of sectoral contributions, the top three activities with the largest shares in Q3 2025 were 

Manufacturing with 25.89per cent; Information and communication with 18.77per cent; and Mining and quarrying with 14.85per cent. 

“Conversely, activities of households as employers, undifferentiated goods- and services-producing activities of households for own use recorded the lowest share with 0.003per cent, followed by activities of extraterritorial organizations and bodies; and Water supply, sewerage, waste management with 0.03per cent each.  

“However, on a year-on-year basis, VAT collections in Q3 2025 increased by 28.10per cent from  Q3 2024.”