The National Bureau of Statistics (NBS) has reported that Nigeria’s manufacturing sector paid N881.29 billion in Company Income Tax (CIT) to the Federation Account in 2025 out of the total N9.218 trillion generated during the year from all sectors of the economy.
The Bureau, in its just published ‘2025 Company Income Tax’ report, indicated that the real sector’s CIT represented a significant increase from the N663.46 billion raked in from the sector in 2024.
According to the CIT data, the strong year-on-year growth in the sector’s tax contributions. demonstrated the sector’s resilience and growing contribution to Nigeria’s revenue base.
The statistics agency’s report reflected some fluctuations in corporate tax collections during the fiscal year, with significant drop in revenue accruals to the Federation Account in the final quarter of the year.
- Advertisement -
Specifically, on the real sector’s CIT, the NBS data showed that its tax contributions were strong but uneven across the quarters.
For instance, while the sector recorded N107.90 billion CIT in Q1 2025, the collections rose to N360.20 billion in Q2, the highest quarterly contribution for the year. Thereafter, the CIT collections from the sector moderated to N271.34 billion in Q3 before further dropping to N141.84 billion in the last quarter of the year.
Overall, the Bureau reported that total CIT collections across all sectors in the year dropped to N1.49 trillion in Q4 2025 from N2.96 trillion in Q3, representing a 49.81 percent quarter-on-quarter decline.
Despite the quarterly drop, total CIT increased by 13.38 percent year-on-year compared to Q4 2024.
A further analysis of the CIT data further showed that domestic CIT contributed N819.83 billion in Q4 2025 compared to N668.21 billion generated from foreign CIT during the quarter.
