Nigeria recorded a Company Income Tax (CIT) of N2.47 trillion in the second quarter of 2024, representing a 150.83% increase from N984.61 billion in the first quarter of 2024. This also marks a rise from the N1.53 trillion collected in the same period last year.
Here are the top 10 sectors contributing the most to CIT payments:
1. Financial and Insurance Activities: N383.57 billion
2. Manufacturing: N221.97 billion
3. Information and Communication: N193.65 billion
4. Mining and Quarrying: N170.73 billion
5. Wholesale and Retail Trade: N74.28 billion
6. Transportation and Storage: N52.48 billion
7. Public Administration and Defence, Compulsory Social Security: N51.99 billion
8. Other Service Activities: N40.21 billion
9. Construction: N32.79 billion
10. Professional, Scientific, and Technical Activities: N30.12 billion
