The nation’s aggregate Company Income Tax (CIT) for Q1 2026 is reported to be 1.37tn, the National Bureau of Statistics (NBS), has disclosed.
The figure is contained in the NBS Company Income Tax (CIT) Q1 2026 Report released in Abuja on Saturday.
According to the report, the figure shows a decrease of 8.08 per cent on a quarter-on-quarter basis from N1.49tn recorded in Q4 2025.
The report said that domestic CIT received was N538.91bn, while foreign CIT payment was N828.82bn in Q1 2026.
It said that on a quarter-on-quarter basis, water supply, sewage, waste management and remediation activities recorded the highest growth rate with 485.71 per cent.
The report said this was followed by activities of households as employers, undifferentiated goods and services producing activities of households for own use at 197.04 per cent.
“On the other hand, agriculture, forestry and fishing recorded the least growth rate with 73.52 per cent, followed by construction with -63.15 per cent.”
In terms of sectoral contributions, the report showed that the top three activities with the highest contribution in Q1 2026 were financial and insurance activities at 24.73 per cent, and mining and quarrying at 16.06 per cent.
It said on the other hand, the activities of households as employers, undifferentiated goods and services producing activities of households for own use recorded the least share with 0.01 per cent.
“This was followed by activities of extraterritorial organisations and bodies with 0.13 per cent, water supply, sewage, waste management and remediation activities with 0.38 per cent.
The report, however, said that, on a year-on-year basis, CIT collections in Q1 2026 decreased by 31.05 per cent from Q1 2025.
(NAN)
(The Whistler)
