Nigeria’s manufacturing sector contributed a total of N881.29 billion in Company Income Tax (CIT) in 2025. This figure, released by the National Bureau of Statistics (NBS), indicates a substantial rise from the N663.46 billion collected in 2024.

The latest data underscores the sector’s growing importance to Nigeria’s revenue base and its role in driving industrial activity. The performance occurred amidst broader fluctuations in corporate tax collections, with a notable slowdown recorded in the final quarter of the year despite strong cumulative growth.

The NBS data reveals that manufacturing sector tax contributions were strong but uneven across the quarters of 2025. The sector recorded N107.90 billion in Q1 2025, which then rose sharply to N360.20 billion in Q2, marking the highest quarterly contribution for the year. Collections moderated to N271.34 billion in Q3 before declining to N141.84 billion in Q4.

In parallel, total CIT collections across all sectors experienced a significant drop, falling to N1.49 trillion in Q4 2025 from N2.96 trillion in Q3. This represents a 49.81 percent quarter-on-quarter decline. However, despite this quarterly dip, total CIT for the year increased by 13.38 percent year-on-year compared to Q4 2024.

Further analysis of the data shows that domestic CIT contributed N819.83 billion in Q4, while foreign CIT accounted for N668.21 billion. This indicates a relatively balanced contribution between local and international companies within the corporate tax landscape.