The National Bureau of Statistics (NBS) has reported that Value Added Tax (VAT) collections rose to ₦2.42 trillion in the first quarter of 2026 (Q1 2026), up from ₦2.20 trillion recorded in Q4 2025.
According to the VAT Q1 2026 report, the figure represents a 9.98 per cent increase on a quarter-on-quarter basis.
The bureau stated that of the total revenue collected during the period, local payments accounted for ₦1.11 trillion, while foreign VAT payments stood at ₦830.47 billion. Import VAT contributed ₦477.55 billion. 
“Value Added Tax (VAT) in Q1 2026 was ₦2.42 trillion, showing an increase of 9.98% on a quarter-on-quarter basis from ₦2.20 trillion in Q4 2025.
“Of the total VAT collected, local payments stood at ₦1.11 trillion, foreign VAT payments were ₦830.47 billion, while import VAT contributed ₦477.55 billion during the quarter,” the NBS stated.
The report further showed that sectors such as food services and accommodation recorded ₦13.20 trillion, while arts, entertainment, and recreation contributed ₦8.98 trillion to VAT-generating activities.
