Nigerian Manufacturing Fuels Q1 VAT Surge, Signaling Robust Economy
Nigeria's Q1 VAT collections soared to ₦2.42 trillion, with the manufacturing sector leading the charge. This significant growth, buoyed by improved tax administration, highlights the sector's pivotal role in the nation's economic vitality and burgeoning market strength. The impressive figures underscore a resilient and expanding Nigerian enterprise landscape.
NIGERIA’S Value Added Tax (VAT) collections recorded robust growth in the first quarter of 2026, reaching ₦2.42 trillion, with the manufacturing sector maintaining its position as the largest contributor, accounting for 29.75 percent of total receipts, according to data released
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