Nigeria’s aggregate Company Income Tax (CIT) for the first quarter of 2026 stood at N1.37 trillion, the National Bureau of Statistics (NBS) has reported.
The figure, contained in the NBS’s CIT Q1 2026 Report released in Abuja on Saturday, represents an 8.08% decline on a quarter-on-quarter basis from the N1.49 trillion recorded in Q4 2025.
Domestic CIT receipts amounted to N538.91 billion, while foreign CIT payments reached N828.82 billion during the period.
Sectoral growth and decline
On a quarter-on-quarter basis, water supply, sewage, waste management and remediation activities recorded the highest growth rate at 485.71%. This was followed by activities of households as employers, and undifferentiated goods‑ and services‑producing activities of households for own use, which grew by 197.04%.
Conversely, agriculture, forestry and fishing posted the smallest positive growth rate at 73.52%, while construction recorded a sharp contraction of 63.15%.
Top and bottom contributors
In terms of sectoral contributions, financial and insurance activities led with 24.73%, followed by mining and quarrying at 16.06%. At the other end, activities of households as employers contributed just 0.01%, the lowest share. Activities of extraterritorial organisations and bodies accounted for 0.13%, and water supply, sewage, waste management and remediation activities for 0.38%.
Year‑on‑year comparison
Compared with the same period in 2025, CIT collections in Q1 2026 fell by 31.05%, underscoring a significant annual decline in corporate tax receipts.
