ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Tuesday, April 13, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Naira Notes

Naira Notes used to illustrate the story

FG generates N311.94bn from VAT in Q2, 2019 – NBS

byAgency Report
August 27, 2019
1 min read
ADVERTISEMENT

The Nigerian government has generated N311.94 billion from Value Added Tax (VAT) in the second quarter of this year, the National Bureau of Statistics (NBS) has said.

It said this in its Sectoral Distribution of VAT, Quarter Two obtained from its website on Tuesday in Abuja.

According to the report, the figure is higher than the N289.04 billion generated in Quarter One and N269.79 billion generated in Quarter Two, 2018, representing 7.92 per cent increase quarter-on-quarter and 16.95 per cent increase year-on-year.

It also said that the manufacturing sector generated the highest amount of VAT, with N34.43 billion generated and closely followed by professional services generating N29.58 billion.

The report said that commercial and trading generated N16.27 billion while mining generated the least of N50.60 million.

It added that pharmaceutical, soaps and toiletries and textile generated N250.09 million, while the garment industry generated N316.91 million.

“Out of the total amount generated in Quarter Two, 2019, N151.56 billion was generated as Non-Import VAT locally, while N94.90 billion was generated as Non-Import VAT for foreign.

“The balance of N65.48 billion was generated as Nigeria Customs Service-Import VAT,” it said.

The report said data was provided by the Federal Inland Revenue Service (FIRS) and verified and validated by the NBS. (NAN)

RelatedNews

Police dismiss sergeant for shooting lover

Ballot, not courts, should determine election winners- Jonathan

Ramadan 2021: Sultan asks Nigerian Muslims to commence fasting

Pantami threatens legal action over allegation of Boko Haram link

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

UPDATED: Nigeria’s Raymond Ekevwo emerges Africa’s fastest man

Next Post

UBEC to spend N2.7 billion on 2,505 primary schools across Nigeria

Agency Report

Agency Report

More News

muslims praying used to illustrate the story (Ramadan)

Ramadan 2021: Sultan asks Nigerian Muslims to commence fasting

April 12, 2021
Nigeria Police Officers [PHOTO: TW @SaharaReporters]

Kidnapped Anambra family released after paying N1.3 million

April 12, 2021
A police officer at the protest

Bandits kill five vigilante members in fresh attacks in Niger

April 12, 2021
OAU campus gate

Four years after, OAU moves to reinstate students’ union activities

April 12, 2021
Chief of Army Staff, Ibrahim Attahiru (PHOTO CREDIT: twitter@HouseNGR)

$1 billion Arms Deal: Attahiru meets Reps behind closed doors

April 12, 2021
Ayodele Fayose/Seyi Makinde

PDP S’West Congress: Fayose finally accepts Makinde as South-west PDP leader

April 12, 2021
Next Post
Nursery three pupils of LEA Primary School, Kadarko learning under tree

UBEC to spend N2.7 billion on 2,505 primary schools across Nigeria

5G Network: NCC

Nigeria approves spectrum for 5G trial

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


Access Bank Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,650,742 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
    • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.