By Progress Godfrey

ABUJA—Nigeria’s Company Income Tax (CIT) collections climbed to N9.21 trillion in 2025, a 41 per cent increase from N6.53 trillion recorded in 2024, even as collections slowed sharply in Q4 of 2025.

Data released by the National Bureau of Statistics (NBS) on Tuesday showed that CIT fell N49.81% to N1.49 trillion in Q4 2025, down from N2.96 trillion in Q3, reflecting a broad-based quarterly contraction despite sustained annual growth.

The report indicated that Domestic companies contributed N819.83 billion to Q4’s total CIT, while foreign-linked payments added N668.21 billion, highlighting the ongoing importance of offshore earnings to Nigeria’s tax revenue.

Sectoral performance in the quarter was uneven, with gains in some areas offset by steep declines in others, signaling varied economic activity across industries.

Notably, accommodation and food services, households as employers, and mining and quarrying saw significant contractions, reflecting demand pressures and rising operational costs.

The NBS report read: “In Q4 2025, Company Income Tax (CIT) stood at N1.49 trillion, representing a decrease of 49.81% on a quarter-on-quarter basis from N2.96 trillion in Q3 2025. The domestic CIT received was N819.83 billion, while Foreign CIT Payment stood at N668.21 billion in Q4 2025.

“On a quarter-on-quarter basis, Activities of extraterritorial organizations and bodies recorded the highest growth rate with 75.15%; followed by Education and Real estate activities with 54.20% and 27.25%, respectively. On the other hand, Accommodation and food service activities recorded the least growth rate (–67.11%), followed by Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use (–63.49%) and Mining quarrying (-49.63%).

“In terms of sectoral shares, the three activities with the largest shares in Q4 2025 were Financial and insurance activities (18.74%); Manufacturing (17.30%); and Mining and quarrying (15.04%).

“Conversely, Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use recorded the least share with 0.002%, followed by Water supply, sewerage, waste management and remediation activities with 0.04; and Activities of extraterritorial organisations and bodies with 0.17%.

However, on a year-on-year basis, CIT collections in Q4 2025 increased by 13.38% from Q4 2024.”