Nigeria’s Company Income Tax (CIT) collection declined to ₦1.37 trillion in the first quarter of 2026, representing an 8.08% drop from the ₦1.49 trillion recorded in the fourth quarter of 2025.
The figure was contained in the Q1 2026 CIT Report released on Monday by the National Bureau of Statistics (NBS).
NBS said of the total CIT collected, domestic CIT contributed ₦538.91 billion, while Foreign CIT Payment accounted for ₦828.82 billion during the quarter.
On a quarter-on-quarter basis, the Bureau said water supply, sewerage, waste management and remediation activities recorded the highest growth rate with 485.71%, followed by Activities of households as employ ers, undifferentiated goods- and services-producing activities of households for own use with 197.04%.
On the other hand, Agriculture, forestry and fishing recorded the least growth rate with 73.52%, followed by Construction with — 63.15%.
In terms of sectoral shares, the activities with the largest shares in Q1 2026 were Financial and insurance activities with 24.73%; Mining and quarrying with 16.06% and Manufacturing with 13.82%.
Conversely, Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use recorded the least share with 0.01%, followed by Activities of extra territorial organizations and bodies with 0.13%; and Water supply, sewerage, waste management and remediation activities with 0.38%.
However, on a year-on-year basis, CIT collections in Q1 2026 decreased by 31.05% from Q1 2025.
