Nigeria recorded ₦2.28 trillion in Value Added Tax (VAT) revenue in the third quarter of 2025, reflecting a 10.66 per cent increase from the ₦2.06 trillion collected in the preceding quarter. The latest figures released on Tuesday by the National Bureau of Statistics (NBS), show a quarter-on-quarter rise in tax collections during the period under review. A breakdown of the data shows that local VAT payments contributed the largest portion of total collections. Local payments stood at ₦1.12 trillion in Q3 2025. Foreign VAT payments amounted to ₦680.23 billion, while VAT on imports contributed ₦479.79 billion. Together, local transactions continued to account for more than half of total VAT revenue during the quarter. Sectoral performance Sectoral data released by the bureau show that ...