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CIT revenue plunges 49.8% to N1.49tn in Q4 2025 from N2.96tn in Q3 — National Bureau of Statistics data.
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Domestic, foreign contributions stand at N819.83bn and N668.21bn respectively.
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Mixed outlook: Despite quarterly drop, CIT rises 13.38% year-on-year, showing resilience.
Nigeria’s Company Income Tax (CIT) collections fell sharply to N1.49 trillion in the fourth quarter of 2025, representing a 49.81 per cent decline from N2.96 trillion recorded in the previous quarter.
Data released by the National Bureau of Statistics showed that the drop reflects a slowdown in corporate tax inflows, likely driven by macroeconomic conditions and seasonal adjustments in business earnings and remittances.
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A breakdown of the figures indicates that domestic CIT accounted for N819.83 billion, while foreign companies contributed N668.21 billion during the period.
Despite the steep quarter-on-quarter contraction, the data revealed a 13.38 per cent increase compared to Q4 2024, suggesting underlying strength in Nigeria’s corporate tax base over the longer term.
Sectoral performance was mixed, with activities of extraterritorial organisations recording the highest growth at 75.15 per cent, followed by education at 54.20 per cent and real estate at 27.25 per cent.
However, sharp declines were recorded in accommodation and food services, household employment, and mining and quarrying.
Financial and insurance activities led overall contributions at 18.74 per cent, with manufacturing and mining sectors also accounting for significant shares.
The development comes amid ongoing tax reforms by the Federal Government, including new presumptive tax rules for Micro, Small, and Medium Enterprises (MSMEs) aimed at improving compliance and expanding the tax net.
In 2025, President Bola Tinubu signed into law key tax reform bills to strengthen Nigeria’s fiscal framework and revenue generation.
