**Nigeria's Tax Revenue Soars to N13.1trn in 9 Months** The nation's fiscal fortunes have brightened in the first nine months of 2025, with a remarkable increase in tax revenue. According to the National Bureau of Statistics (NBS), the combined revenue from Value Added Tax (VAT) and Company Income Tax (CIT) has reached a staggering N13.1 trillion, marking a significant milestone in Nigeria's quest for economic growth and stability. Let's take a closer look at the numbers. VAT revenue has grown by an impressive 34% to N6.4 trillion, a testament to the government's efforts to diversify the economy and reduce reliance on oil exports. This surge in VAT revenue is largely attributed to the implementation of the 7.5% VAT rate, which has encouraged businesses to pay their fair share of taxes. The growth in VAT revenue is also a reflection of the country's expanding consumer market, with more Nigerians participating in the formal economy. Meanwhile, Company Income Tax (CIT) revenue has recorded an even more impressive 48% growth to N7.72 trillion. This significant increase is a result of the government's efforts to strengthen tax administration and enforcement, particularly in the non-oil sector. The growth in CIT revenue is a welcome development, as it indicates that more businesses are paying their taxes, contributing to the government's revenue and enabling it to fund vital public services. The implications of these numbers are far-reaching. The increased tax revenue will enable the government to invest in critical sectors such as infrastructure, education, and healthcare, thereby creating a more conducive environment for economic growth and development. Additionally, the growth in tax revenue will help to reduce the country's dependence on oil exports, thereby increasing fiscal resilience and stability. In conclusion, the remarkable growth in VAT and CIT revenue in the first nine months of 2025 is a cause for celebration. It reflects the government's efforts to create a more robust and diversified economy, and it provides a foundation for sustained economic growth and development. As Nigeria continues on its journey towards economic transformation, it is essential that the government builds on this momentum and continues to strengthen tax administration and enforcement to ensure that the country realizes its full economic potential.