Local manufacturers reported a contribution of N1.17 trillion to value-added tax (VAT) in 2025. This figure was achieved despite facing challenges associated with rising operational expenses. The significant contribution underscores the resilience of the manufacturing sector in Nigeria amid a difficult economic landscape. The data reflects the ongoing commitment of manufacturers to comply with tax obligations while navigating an increasingly tough operating environment.
Related Articles
Don't miss out on breaking stories and in-depth articles.