Nigeria’s manufacturing sector was a key revenue generator in the first quarter of 2026, contributing N404.07 billion to non-oil tax income. This total stems from N329.59 billion in Value Added Tax (VAT) and N74.48 billion in Company Income Tax (CIT). Data released by the National Bureau of Statistics (NBS) demonstrates the sector’s significant role in bolstering government finances. The figures underscore manufacturing’s continued importance to Nigeria’s economic diversification efforts, reducing reliance on oil revenue. This performance indicates a positive trend in the sector’s contribution to the national economy. The data provides insight into the country’s fiscal performance during the period.
