Information Sector Tops as Top 10 Account for Over 90% of Nigeria's ₦651 Billion Q3 Company Tax
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Information and communication sector contributed the most to Nigeria's total company income tax (CIT) in Q3 2023, at ₦170 billion.
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Manufacturing and mining/quarrying sectors were the second and third highest CIT contributors at ₦156 billion and ₦77 billion.
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Financial/insurance activities and public administration sectors also contributed heavily to CIT, at ₦68 billion and ₦45 billion.
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Top 10 sectors listed accounted for over 90% of total CIT payment of ₦651 billion in Q3 2023.
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Data based on report from Nigeria’s Federal Inland Revenue Service submitted to National Bureau of Statistics.