The figure was disclosed in the Sectorial Distribution of VAT Q3 2025 report published on the NBS website on Tuesday. The report shows that, on a year-on-year basis, VAT collections in Q3 2025 increased by 28.10% from Q3 2024. The breakdown shows local VAT payments dominating at N1.12 trillion, foreign VAT payments contributing N680.23 billion, and import VAT adding N479.79 billion. “Value Added Tax (VAT) in Q3 2025 was N2.28 trillion, showing an increase of 10.66% on a quarter-on-quarter basis from N2.06 trillion in Q2 2025. “Local payments stood at N1.12 trillion, foreign VAT payments were N680.23 billion, while import VAT contributed N479.79 billion in Q3 2025,” the report said.

Source: Punch March 03, 2026 17:13 UTC