Nigeria generates N338.9bn from VAT in Q1’20 — NBS
The National Bureau of Statistics (NBS) yesterday, said the country generated N338.94 billion as Value Added Tax (VAT) in the first quarter of the year (Q1’20).
This represents a 15.66 percent year-on-year (YoY) rise when compared to N293.04 billion generated in the corresponding period of last year.
also shows 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.