NBS: Nigeria generated N600bn from VAT in Q2 2022 — up by 2% from previous quarter | TheCable

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The National Bureau of Statistics (NBS) says the country generated N600.15 billion as value-added tax (VAT) in the second quarter of 2022. The figure represented an increase of 1.96 percent

Victor EjechiThe National Bureau of Statistics says the country generated N600.15 billion as value-added tax in the second quarter of 2022.The NBS said this in its latest sectoral distribution of value-added tax for Q2 2022, released on Saturday.Advertisement

“Local payments recorded were N359.12 billion, while foreign VAT payment contributed N111.13 billion in Q2 2022. On sectoral contributions, the top three largest shares in Q2 2022 were manufacturing with 33.08 percent; information and communication with 18.98 percent; and mining and quarrying with 10.60 percent.

 

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