The National Bureau of Statistics (NBS) has revealed that Nigeria’s Company Income Tax (CIT) collections recorded a significant drop of 49.8 per cent in the fourth quarter of 2025
The data shows that CIT collection dropped from N2.96 trillion in the preceding quarter to N1.49 trillion.
Despite the drop recorded, a breakdown of Q4 2025 CIT collections shows a relatively balanced contribution from domestic and foreign sources.
Domestic CIT accounted for N819.83 billion while foreign CIT payments contributed N668.21 billion.
Quarter-on-quarter, total collections dropped by 49.81 per cent, from N2.96 trillion in Q3 2025.
Despite the steep quarterly decline, CIT collections rose 13.38 per cent year-on-year compared to Q4 2024.
Sectoral performance in Q4 2025 was mixed, with some industries recording strong growth while others saw significant contractions.
Activities of extraterritorial organisations and bodies posted the highest growth at 75.15 per cent, followed by education at 54.20 per cent, and real estate at 27.25 per cent.
Sectors with steep declines included accommodation and food services (-67.11%), household employment (-63.49%), and mining and quarrying (-49.63%).
Financial and insurance activities led total CIT contributions, accounting for 18.74 per cent, followed by manufacturing at 17.30 per cent and mining and quarrying at 15.04 per cent.
Activities of households as employers contributed just 0.002 per cent, while water supply, sewerage, and waste management accounted for 0.04 per cent, and extraterritorial organisations added 0.17 per cent.
