Nigeria rakes in N1.08trn VAT in 9 months

Value Added Tax

Nigeria’s total Value Added Tax (VAT) generated so far in 2020 has hit N1.08 trillion within nine months, the Nigerian Bureau of Statistic (NBS) has revealed. The figure is a 22.87 per cent increase over the amount (N876.1 billion) recorded for the same period in 2019 on a year to date (YTD) comparison and a 54.4 per cent growth rate year on year when compared with the same period of 2019. According to the data for the nine-month period of 2020, a total VAT of N424.71 billion was generated during…

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