N246.30bn Generated as VAT in Q2 2017 - NBS

Taxes & Tariffs
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Friday, October 20, 2017 1:00PM /NBS 

Sectoral distribution of Value Added Tax (VAT) data for Q2 2017 reflected that the sum of N246.30bn was generated as VAT in Q2 2017 as against N204.77bn generated in Q1 2017 and N187.03bn in Q2 2016 representing 20.28% Increase Quarter-on-Quarter and 31.69% increase Year-on-Year. 

Other manufacturing generated the highest amount of VAT with N33.69bn generated and closely followed by Professional Services and Oil Producing both generating N21.64bn and N14.94bn respectively while Mining generated the least and closely followed by Local Government Councils and Pharmaceutical, Soaps & Toiletries with N34.19 mln, N154.72 mln and N194.26 mln generated. 

Out of the total amounted generated in Q2 2017, N137.79bn was generated as Non-Import VAT locally while N59.83bn was generated as Non-Import VAT for foreign. The balance of N48.68bn was generated as NCS-Import VAT. 

Click Here to Download VAT Q2 2017 (PDF) Report

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Latest 2017 NBS Reports

Q4 2017

1.       Lagos State Has 7,396 Prison Inmates Population in 2016 - NBS
2.      Average Prices of PMS, AGO, HHK and Cooking Gas - September 2017
3.      Average Air Fare Increased by 31.31% YoY in September 2017
4.      Average Price of 1kg of Yam Tuber Increased by 28.65% YoY in September 2017
5.      CPI Drops to 15.98% in Sept 2017, 0.03% Lower Than 16.01% August Rate
6.      Multiple Indicator Cluster Survey 2016-17
7.      Pension Fund Asset under Management as at 31 December 2016 stood at N6,164.76bn - NBS
8.     835.58m Crude Oil Processed from 1997 to 2014
9.      N701.85bn Gross Revenue Generated in July 2017

Q3 2017
10.  FAAC Disburses N467.85bn in August 2017 - NBS
11.   Lagos Accounted for 74.8% of International Passenger Traffic in Q2 2017
12.  Lagos State Has the Highest Foreign and Domestic Debts as at June 2017
13.  CPI Drops to 16.01% in August 2017, 0.04% Lower Than 16.05% July Rate
14.  Average Air Fare Increased by 32.75% YoY in August 2017
15.   Average Prices of PMS, AGO, HHK and Cooking Gas - August 2017
16.  Average Price of 1kg of Yam Tuber Increased by 53.98% YoY in August 2017
17.   Nigeria’s Merchandise Trade Grew Marginally QoQ but Significantly YoY in Q2 2017
18.  2,287 Drug Abuse Convictions Secured in 2016 - NBS
19.  Average Price of 1kg of Tomato Increased YoY by 15.65% in July 2017 - NBS
20. Average Prices of PMS, AGO, HHK and Cooking Gas - July 2017
21.  Average Intercity Fare Increased YoY by 27.49% in July 2017 - NBS
22. CPI Drops to 16.05% in July 2017, 0.05% Lower Than 16.10% June Rate
23. Total Value of Capital Imported into Nigeria in Q2 2017 Estimated at $1,792.3m - NBS
24. FAAC Disburses N652.23bn in July 2017 - NBS
25.  Active Voice Subscribers Dropped by 6.67% in Q2 2017 – NBS
26. Banking Sector Records 327.37m Volume of Transactions in Q2 2017 - NBS
27.  870,397 Candidates Sat for NECO in June and July 2016
28. 3,457 Nigerians Repatriated from Abroad in 2016 – NBS
29. Corruption in Nigeria - Bribery as Experienced by the Population
30. Nigeria Produced 656.8m Barrels of Crude Oil in 2016
31.  2,503 Road Traffic Crashes Recorded in Q2 2017 - NBS
32. Daily Energy Generation Attained a Peak of 4,079MW in Q2 2017 - NBS
33. 7.59m Nigerians Are Registered Under the National Pension Scheme as at Q2’17 - NBS
34. FAAC Disburses N462.36bn in June 2017 - NBS
35.  NBS Annual Abstract of Statistics 2016
36. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - June 2017
37.  Average Intercity Transport Fare Decreases to N1,559.68 in Jun’17 from N1,565 in May’17
38. Average Price Of 1kg Of Yam Tuber Increased YoY by 32.84% in June 2017 -NBS
39. CPI Drops to 16.10% in June 2017, 0.15% Lower Than 16.25% May Rate 

Q2 2017
40. FAAC Disburses N418.82bn in May 2017 - NBS
41.  GDP By Income and Expenditure Approach – Basic Price GDP Declines by 2.3% in Q3’16 - NBS
42.  Average Price Watch of PMS, AGO, HHK and Cooking Gas - May 2017
43.   Average Intercity Transport Fare Decreases to N1,5865. in May’17 from N1,587.04 in Apr’17
44.   Average Price Of 1kg Of Yam Tuber Increased YoY by 52.69% in May 2017 - NBS
45.   CPI Drops to 16.25% in May 2017, 0.99% Lower Than 17.24% April Rate
46. N204.77bn Generated as VAT in Q1 2017 - NBS
47.  125,790 Cases of Reported Offences Recorded in 2016 - NBS
48. Labour Productivity Rose to N684.43 in 2016 - NBS
49. Merchandise Trade Grew By 0.1% - Positive Trade Balance Due to Rising Exports & Falling Imports
50. Unemployment Rate Rises to 14.2% in Q4’16 from 13.9% in Q3’16 - NBS
51.   Lagos Airport Accounted for 76.5% of International Passengers in Q1 2017 - NBS
52.  FAAC Disburses N496.39bn in April 2017 - NBS
53.  Banking Sector Records 304.31 mln Volume of Transaction in Q1 2017 - NBS
54.  Total Value of Capital Imported into Nigeria in Q1 2017 Estimated at $908.27m - NBS
55.  GDP Contracts by -0.52% in Q1’17 from -1.73% in Q4’16; 5th Consecutive Quarter of Contraction
56.  Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch – April 2017
57.  Average Intercity Transport Fare Increases to N1,587.04 in Apr’17 from N1,466.46 in Mar’17
58. Average Prices of 1kg of Yam Tubber Increased by 42.45% YoY in April 2017
59.  CPI Drops to 17.24% in April 2017, 0.02% Lower Than 17.26% March Rate
60. Lagos, Rivers Top IGR for Full Year 2016
61.  Telecoms Subscribers Dropped by 1.33% in Q1 2017 - NBS
62. Nigeria Imports 4.05bn Litres of PMS in Q1 2017 - NBS
63. Lagos State has the highest domestic and foreign debt profile in 2016 - NBS
64. 2,556 Road Traffic Crashes Recorded in Q1 2017 - NBS
65.  FAAC Disburses N466.93bn in March 2017
66. Daily Energy Generation Attained a Peak of 5,846 MW in Q1 2017 - NBS
67.  Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - March 2017
68. Average Intercity Transport Fare Increases to N1,466.46 in Mar’17 from N1,411.87 in Feb’17
69. Average Prices of 1kg of Yam Tubber Increased by 63.4% YoY in March 2017
70. CPI Drops to 17.26% in March 2017, 0.52% Lower Than 17.78% February Rate
71.   7.49m Nigerians Are Registered Under the National Pension Scheme As At Q1 2017 - NBS
72.  Lagos Airport Accounted for 69.1% of International Passengers in 2016 - NBS 

Q1 2017
73.  11,363 Road Traffic Crashes Recorded in 2016 - NBS
74.  FAAC Disburses N514.15bn in February 2017
75.  FAAC Disburses N430.16bn in January 2017
76.  Average Intercity Transport Fare Decreases to N1,411.87 in Feb’17 from N1430.63 in Jan’17
77.  Average Price of 1kg of Rice Increased by 68% YoY in February 2017
78. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - February 2017
79.  CPI Drops to 17.78% in February 2017, 0.94% Lower Than 18.72% January Rate
80.Nigeria Produced 43.49m Tons of Solid Minerals in 2016 - NBS
81.  NIPOST Generates N8.84bn Revenue in 2016 - NBS
82. Q4 2016 Merchandise Trade Intensity - Total Trade Grows by 6.5% in 2016
83. Merchandise Trade Grows in Q4 2016 - Records First Quarterly Positive Trade Balance Since Q4 2015
84. GDP Contracts by -1.30% in Q4 and -1.51% for Full Year 2016; Is Nigeria on Its Way Out of Recession?
85. JAMB Received 11.7m Applications Between 2010 and 2016
86. Average Kerosene Price Increases to N433.84 in Jan'17 from N231.85 in Dec'16
87. Average Intracity Transport Fare Increases to N122 in Jan'17 from N84.29 in Dec'16
88.Average Cooking Gas Price Increases to N2,567.56 in Jan’17 from N2,002.16 in Dec’16
89. Average Diesel Price Increases to N240.52 in Jan’17 from N196.20 in Dec’16
90. Average Petrol Price Increases to N148.7 in Jan'17 from N146.7 in Dec'16
91.  CPI Rises to 18.72% in January 2017, 0.17% Higher Than 18.55% December 2016 Rate
92. GENCOs Issued Total Invoice of N331bn to DISCOs in 2016
93. Nigeria Produced 5.79 mln Tonnes of Fish Between 2010 and 2015
94. 4,296 Applications Were Received by NAFDAC for New Products Registration in 2016 - NBS
95.  19,833 Vessels Berthed At Nigerian Ports Between 2013 and 2016 - NBS
96. Total Value of Capital Imported into Nigeria in Q4 2016 Estimated at $1,548.88mln - NBS
97.  Telecoms Sector Contributes N1,399bn to GDP in Q3 2016 - NBS
98. FAAC Disburses N426.88bn in December 2016 - NBS
99. Banking Sector Records 910.18m Volume of Transaction in 2016 on Electronic Payment Channels - NBS
100.  Daily Energy Generation Attained a Peak of 3,859.59MW in Q4 2016 - NBS
101. 10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS
102.   Nigeria Imports 4.83 bn Litres of PMS in Q4 2016 - NBS
103.    72.53% of Nigeria’s Prison Population in 2015 were Un-sentenced - NBS
104.     Lagos, Ogun Top IGR for H1 2016

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