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Nigeria’s manufacturing sector bolstered the national treasury with over N2 trillion in tax contributions last year. Data from the National Bureau of Statistics show Value Added Tax (VAT) from factories reached N1.17 trillion, a 45% jump from 2024. Company Income Tax (CIT) followed a similar path, rising by a third to N881 billion. These figures…
Nigeria’s treasury grew by N2.96 trillion in the third quarter of 2025 through Company Income Tax. According to the National Bureau of Statistics (NBS), the Q3 figure represents an eight percent increase from the N2.78 trillion recorded in the second quarter of 2025. Local businesses provided N920.91 billion of this sum while foreign firms contributed…
