Nigeria recorded significant growth in non-oil tax revenues in the first nine months of 2025, with Value Added Tax (VAT) and Company Income Tax (CIT) collections posting strong year-on-year increases. Figures released by the National Bureau of Statistics (NBS) show that VAT revenue climbed by 34 per cent to N6.4 trillion in 9M’25, compared to N4.77 trillion in the same period of 2024. On a quarterly basis, performance reflected slight fluctuations but an overall upward trend. VAT collections dipped marginally by 1.4 per cent to N2.03 trillion in Q2’25 from N2.06 trillion in Q1’25. However, revenue rebounded in Q3’25, rising by 10.66 per cent quarter-on-quarter to N2.28 trillion. Year-on-year, VAT in Q3’25 expanded by 28.1 per cent. A breakdown of Q3’25 collections shows ...