…Surpasses 2023 full-year figure
By Yinka Kolawole
The contribution of Nigeria’s manufacturing sector to Value Added Tax (VAT) in 2025 significantly increased with payments rising to N875.420 billion in the first nine months of the year (9M’25), surpassing both the N566.011 billion recorded in the corresponding period of 2024 (9M’24) and the N578.394 billion generated in the entire 2023 fiscal year.
Comparative analysis of the figures shows that VAT remittances from manufacturers grew by 54.7 per cent year-on-year between January and September 2025, reflecting increased tax remittances across the industrial value chain and the sector’s growing importance to Nigeria’s non-oil tax revenue base.
In absolute terms, manufacturers paid N309.409 billion more VAT in the first nine months of 2025 compared with the same period in 2024.
The N875.420 billion recorded in just nine months of 2025 also exceeds the entire 2023 VAT contribution of N578.394 billion by about 51.3 per cent, i
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