Nigeria's Manufacturing Sector Leads Non-Oil Tax Revenue in Q1'26

Nigeria's manufacturing sector contributed N404 billion in VAT and CIT in the first quarter of 2026, reinforcing its position as a major contributor to government revenue outside of oil.

22 Jun, 06:08 — 22 Jun, 06:08

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vanguard-ngMixed71d ago

Manufacturing leads non-oil tax revenue with N404bn VAT, CIT contribution in Q1’26

Nigeria’s manufacturing sector reinforced its role as a major contributor to government revenue in the first quarter of 2026 (Q1’26), generating N329.59 billion in Value Added Tax (VAT) and N74.48 billion in Company Income Tax (CIT), totalling N404.07 billion. Data obtained from the National Bureau of Statistics (NBS) highlight the sector’s continued importance to Nigeria’s non-oil revenue […] The post Manufacturing leads non-oil tax revenue with N404bn VAT, CIT contribution in Q1’26 appeared...

By Urowayino Jeremiah

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Nigeria's Manufacturing Sector Leads Non-Oil Tax Revenue in Q1'26

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Manufacturing leads non-oil tax revenue with N404bn VAT, CIT contribution in Q1’26

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