Nigeria’s federal government collected a total of N2.96 trillion as Company Income Tax (CIT) in the third quarter of 2025, on the manufacturing and extractive sectors, despite a challenging macroeconomic environment.
According to the Nigeria Tax Act, 2025, Companies Income Tax (CIT), also known as corporate tax, is a tax imposed on the profits of an incorporated company, charged at 30 percent.
The latest report released by the National Bureau of Statistics (NBS) shows that the Q3 figure represents an eight percent increase from the N2.78 trillion recorded in the second quarter of 2025.
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A breakdown of the data shows that local CIT payments accounted for N920.91 billion, while foreign CIT contributions stood at N852.29 billion.
The manufacturing sector retained its position as the powerhouse of corporate tax revenue, contributing over a quarter of the total collections. Together with mining and telecommunications, the top three sectors alone accounted for nearly 60 percent of the total CIT for the period.
Below are the top 10 sectors that paid the most CIT in Q3 2025:
Manufacturing – N271.34 billion
The manufacturing sector remained the leader in corporate tax contributions, providing N271.34 billion. This figure shows the sector’s scale and its vital role as the primary driver of domestic non-oil revenue.
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Mining and Quarrying – N244.86 billion
Coming in a close second, the Mining and Quarrying sector contributed N244.86 billion. This high yield reflects continued strength in extractive activities, which remains a cornerstone of Nigeria’s fiscal stability.
Financial and Insurance Activities – N207 billion
The financial services sector continues to be a major pillar of the tax net, contributing N207.00 billion. With the recapitalisation process ending this year, the banks are buoyed to perform better and likely pay more tax.
Information and Communication – N80.17 billion
Driven by the ongoing digital transformation and telecommunications expansion, the ICT sector added N80.17 billion to the local CIT pool.
Public Administration and Defence – N51.49 billion
This sector, which includes compulsory social security, contributed N51.49 billion. The steady contribution indicates consistent tax compliance within government-related administrative bodies.
Transportation and Storage – N40.66 billion
As the backbone of trade and logistics, the transportation sector accounted for N40.66 billion in tax revenue.
Construction – N35.20 billion
The construction industry contributed N35.20 billion. Despite the high cost of building materials, infrastructure development projects across the country continue to generate significant tax revenue.
Agriculture, Forestry, and Fishing – N28.77 billion
Reflecting the gradual formalisation of the primary sector, agriculture and related activities contributed N28.77 billion.
Arts, Entertainment, and Recreation – N26.26 billion
Nigeria’s vibrant creative economy is making its mark on the treasury, with the arts and entertainment sector contributing N26.26 billion.
Other Service Activities – N19.71 billion
Rounding out the top ten, various personal and community services added N19.71 billion to the total local CIT collection for the quarter.