Manufacturing Tax Yield Hits N2 Trillion in 2025
Nigeriaâs 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…