Nigeria’s first quarter VAT receipt rises the most in 9yrs

The manufacturing sector, professional services, and State Ministries & Parastatals accounted for the most VAT generation during the period

Nigeria’s generated N496.4 billion from Value Added Tax (VAT) in the first three months of 2021, the highest in nine years, BusinessDay analysis shows. Data gleaned from the sectoral distribution of VAT receipt for the first quarter of 2021 from the National Bureau of Statistics (NBS) show that

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