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Nigeria earned N338.94bn from Value Added Tax

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Godspower

Well-Known Member
Apr 21, 2020
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The Nigerian Government has generated the sum of N338.94 billion from Value Added Tax (VAT) in the first quarter of 2020.

The National Bureau of Statistics (NBS) disclosed this in a report titled ‘Sectoral Distribution Of Value Added Tax (Q1 2020)’ published on Thursday.

According to the NBS, the sectoral distribution of Value Added Tax (VAT) data for Q1 2020 reflected that the sum of N338.94bn was generated as VAT in Q1 2020 as against N308.48bn generated in Q4 2019 and N293.04bn generated in Q1 2019 representing 9.87% increase Quarter-on-Quarter and 15.66% increase Year-on-Year.
 
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