The Federal Inland Revenue Service has reported a 34 percent increase in value-added tax revenue to N6.4 trillion in the first nine months of the 2026 fiscal year, the agency said in a statement.

The FIRS manages indirect tax collections in Nigeria, including value-added tax, which is charged on goods and services.

VAT is a major non-oil revenue source for the Federal Government and contributes to funding public sector obligations.

According to the report, the FIRS collected N6.4 trillion in VAT from January to September 2025, up from about N4.78 trillion during the same period in 2024. The increase represents a year-on-year growth rate of 34 percent, the agency said.

The FIRS attributed the growth to improved compliance by taxpayers and a broader tax base, according to the statement released by its Public Affairs Department.

The service noted that enforcement measures and taxpayer education efforts have increased remittances.

The agency also provided comparative figures showing monthly VAT collections. In March 2026, VAT revenue was N758.42 billion, rising from the N564.94 billion collected in March 2025.

Similarly, collections of N602.08 billion in April 2026 were higher than the N455.43 billion in the same month of the previous year.

Revenue figures for May, June, July, August and September 2026 were also provided in the statement, indicating consistent increases compared with corresponding months in 2025.

For example, N514.80 billion was collected in May 2026, compared with N388.26 billion in May 2025; June collections were N726.09 billion against N532.86 billion; July was N683.28 billion versus N505.71 billion; August revenue stood at N801.40 billion compared with N587.94 billion; and September’s VAT yield was N826.50 billion, up from N727.87 billion.