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Nigeria's Manufacturing Sector Shows Upward Trend in Tax Contributions

Nigeria's manufacturing sector is projected to maintain an upward trend in tax revenue contributions in 2025, with Value Added Tax (VAT) rising significantly to N1.17 trillion and Corporate Income Tax (CIT) also increasing.

13 Apr, 07:12 — 13 Apr, 07:12
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vanguard-ngMixed4h ago

Manufacturing tax contributions maintain upward trend in 2025

…VAT rises 45.6% to N1.17trn; CIT up 32.8% to N881.3bn By Yinka Kolawole The manufacturing sector’s contribution to tax revenue collections in Nigeria maintained an upward trend in 2025, contributing a total of N1.17 trillion in Value Added Tax (VAT) representing an increase of 45.61 percent over the N803.53 billion recorded in 2024 while the sector’s Company […] The post Manufacturing tax contributions maintain upward trend in 2025 appeared first on Vanguard News.

By Urowayino Jeremiah

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