N338.94b earned from VAT in Q1- NBS - 9japarrot

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Friday 15 May 2020

N338.94b earned from VAT in Q1- NBS

N338.94b earned from VAT in Q1- NBS





The National Bureau of Statistics said the country generated N338.94 billion as Value Added Tax (VAT) in the first

quarter of the year.

This represents a 15.66 percent year-on-year rise when compared to N293.04 billion generated in the corresponding period of last year.

It also showed a 9.9 percent increase quarter-on-quarter, against N308.48 billion generated in the fourth quarter of 2019.

The NBS disclosed this in its Sectoral Distribution of VAT Report for Q1’20.

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