Nigeria’s VAT Revenue Rises 10.66% to N2.28tn in Q3 2025

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NarrativeRadar Analysis·Reviewed by M. Reyes·AI-assisted, editorially supervised·Based on 5 articles from 4 sources

Nigeria’s Value Added Tax revenue reached ₦2.28 trillion in the third quarter of 2025, up 10.66% from the same period in 2024. This increase supports Nigeria’s government budget and economic planning by boosting tax income. The Nigerian Revenue Service aims to build on this growth with higher tax collection targets for 2026.

Reported Facts

Observable data points shared across all narratives

•Nigeria’s VAT revenue totaled ₦6.4 trillion in the first nine months of 2025, a 34% increase year-on-year.
•The Nigerian Bureau of Statistics reported the ₦2.28 trillion VAT revenue figure on March 3, 2026.
•The Nigerian Revenue Service announced plans to increase tax revenue targets for 2026 following the 2025 performance.
•The 10.66% VAT revenue growth in Q3 2025 reflects improved tax compliance and collection efforts.

What Could Happen If...

▸If the Nigerian Revenue Service achieves its 2026 tax collection targets Nigeria’s government budget will have more resources for public services and infrastructure, potentially supporting economic growth.

Key Actors

Countries

🌍Nigeria

Organizations

🏛Nigeria National Bureau of Statistics

Source Coverage

AFRICA

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Signals

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Primary Sources (5)

AFRICAVanguard (Nigeria)VAT revenue rises 34% to N6.4trn in 9 months AFRICAPremium Times (Nigeria)Nigeria’s VAT revenue rises to ₦2.28 trillion in Q3 2025 — NBS AFRICAThisDay (Nigeria)NRS Celebrates 2025 Record Tax Revenue, Sets Ambitious 2026 Target AFRICAPunch (Nigeria)Nigeria’s VAT revenue hit N2.28tn in Q3 2025, up 10.66% — NBS