VAT revenue rises 37% to N4.12trn in H1’25

By Elizabeth Adegbesan with agency reportRevenue generated through Value Added Tax (VAT) rose by 37.7 percent year-on-year to N4.12 trillion in the first half of 2025 (H1’25), up from N2.99 trillion in H1’24, according to the National Bureau of Statistics (NBS).The figure, contained in the Q2’25 VAT report released in Abuja, also showed a marginal quarter-on-quarter decline of 0.03 percent from the N2.06 trillion recorded in Q1’25.A breakdown of the Q2’25 VAT reven