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
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8.     835.58m Crude Oil Processed from 1997 to 2014
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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
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16.  Average Price of 1kg of Yam Tuber Increased by 53.98% YoY in August 2017
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20. Average Prices of PMS, AGO, HHK and Cooking Gas - July 2017
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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
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29. Corruption in Nigeria - Bribery as Experienced by the Population
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32. Daily Energy Generation Attained a Peak of 4,079MW in Q2 2017 - NBS
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35.  NBS Annual Abstract of Statistics 2016
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45.   CPI Drops to 16.25% in May 2017, 0.99% Lower Than 17.24% April Rate
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