Nigeria’s revenue from Value Added Tax (VAT) and Company Income Tax (CIT) has seen significant growth in the first nine months of 2025. This growth reflects improved non-oil revenue performance and enhanced fiscal capacity.
Key Highlights:
- Company Income Tax (CIT): Nigeria’s CIT rate is 30% for large companies with a gross turnover above NGN 100 million.
- Growth Drivers: Improved non-oil revenue performance and enhanced fiscal capacity have contributed to the growth in VAT and CIT revenue.
