Abuja, Nigeria – Nigeria’s mining and quarrying sector remitted a total of N686.96 billion (approximately $440 million) in Value Added Tax in 2025, a notable increase from the N556.19 billion recorded in 2024, according to data released by the National Bureau of Statistics.
Okay News reports that the sector generated N187.59 billion in the first quarter, representing the highest quarterly contribution, followed by N164.70 billion in the second quarter, N166.77 billion in the third quarter, and N167.90 billion in the fourth quarter. The steady quarterly trend demonstrates stable revenue inflows despite broader economic pressures.
The mining sector has long struggled to realise its full potential, contributing less than five percent to Nigeria’s Gross Domestic Product due to illegal mining activities, weak incentives, and poor infrastructure. Recent fiscal reforms have played a key role in improving revenue collection, including the transfer of mineral royalty collection to the Nigeria Revenue Service.
In June 2025, President Bola Tinubu signed four major tax reform laws to modernise Nigeria’s tax system. The Federal Government also generated N6.96 billion in mining fees in the first quarter of 2025, indicating improved compliance. This mining VAT growth highlights improved tax compliance and revenue mobilisation within the sector.
 in Value Added Tax in 2025, a notable increase from the N556.19 billion recorded in 2024, according to data released by the National Bureau of Statistics.){kind=link}