Nigeria’s electricity, gas, steam, and air conditioning supply sector contributed N62.12 billion in Company Income Tax (CIT) in 2025, down from N77.97 billion in 2024, indicating a year-on-year decline.
The sector’s performance was marked by fluctuations throughout the year, with a high of N24.68 billion in Q2 and a low of N11.84 billion in Q4.
The decline is attributed to operational and macroeconomic pressures, including rising costs, infrastructure limitations, and liquidity challenges.
Despite this, the overall CIT collections showed resilience, with a 13.38% year-on-year increase in Q4 2025.
The federal government’s recent fiscal reforms aim to improve revenue generation and tax administration.
President Bola Ahmed Tinubu signed four major tax reform bills into law in June 2025, expected to reshape Nigeria’s tax landscape.
The financial and insurance sector maintained its lead, accounting for 18.74% of total CIT revenue, followed by the manufacturing sector at 17.30% and mining and quarrying at 15.04%.
