The purpose of the study was to compare value-added tax (VAT) revenue from various industries in Nigeria. The study sets out to ascertain whether there is a difference in VAT revenue between the consumer and industrial goods sectors, as well as between the deposit money banks and the industrial goods sector. It also looked at the differences in VAT revenue between consumer goods and deposit money banks. Employing an ex-post facto research design, the population of the three selected sectors consisted of the 48 firms listed in the Nigeria exchange group, which had the consumer goods sector (21), industrial goods sector (13), and banking sector (14). Using a purposive and random sampling technique, twenty-four people made up the sample size. The annual reports and accounts of the sampled firms provided secondary data that was gathered over the course of ten years (2013-2022). The paired sample T-test was used to test the hypotheses. The results showed that the VAT revenue from consumer goods was significantly higher than the VAT revenue from industrial goods (p-value=0.000), and the VAT revenue from deposit money banks was also significantly higher than the VAT revenue from industrial goods (p-value of 0.000). The study also discovered that the consumer goods sector's VAT revenue greatly outpaced the deposit money bank sector's (p-value of 0.005). In order to improve the contribution of VAT revenue from the industrial goods sector, the study recommended that the Nigerian government should concentrate more on policies and initiatives that promote industrial growth and productivity.

 

Key words: Value-added tax (VAT) revenue, consumer goods sector, industrial goods sector, deposit money banks sector.