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Nigeria’s mining and quarrying sector remitted a total of N686.96 billion in Value Added Tax (VAT) in 2025.

This is according to data released by the National Bureau of Statistics (NBS).

The figure represents a notable increase from the N556.19 billion recorded in 2024, reflecting improved tax compliance and revenue mobilisation within the sector.

The latest data highlights growing fiscal contributions from a sector that has historically underperformed in Nigeria’s economy.

Despite the improvement, the sector continues to face structural challenges that limit its overall economic impact.

NBS data shows that VAT contributions from the mining sector remained relatively stable throughout 2025.

The steady quarterly trend demonstrates stable revenue inflows despite broader economic pressures.

Nigeria’s mining sector has long struggled to realise its full potential despite abundant mineral resources.

These challenges have limited the sector’s contribution to both economic growth and government revenue.

Recent fiscal reforms have played a key role in improving revenue collection in the mining sector.

These measures are aimed at reducing leakages and strengthening revenue administration across the sector.

Earlier, Nairametrics reported that Nigeria’s mining and quarrying sector contributed a total of N723.33 billion in Company Income Tax (CIT) in 2025.

The figure represents a significant increase from the N520.34 billion recorded in 2024.

Nairametrics also reported that Nigeria’s VAT collections stood at N2.19 trillion in the fourth quarter of 2025, representing a 3.78% decline from the N2.28 trillion recorded in the third quarter.

Despite the quarter-on-quarter dip, the figure reflects a 12.84% year-on-year increase.

Nairametrics also earlier reported that Nigeria’s Value Added Tax (VAT) collections increased to N2.28 trillion in the third quarter of 2025.