N298.01bn Generated as VAT in Q4 2018 - NBS

Thursday, February 21 2019  05:40 AM / NBS

Sectoral distribution of Value Added Tax (VAT) data Q4  2018 reflected that the sum of N298.01bn was generated as VAT in Q4 2018 as against N273.50bn generated in Q3 2018 and N266.73bn in Q2 2018 representing 8.96% Increase Quarter-on-Quarter and 17.28% Year-on-Year. 

Other manufacturing generated the highest amount of VAT with N28.82bn generated and closely followed by Professional Services and Commercial and Trading both generating N24.12bn and N16.02bn respectively while Mining generated the least and closely followed by Pharmaceutical, Soaps & Toiletries and Chemical, Paints and Allied Industries with N35.75 mln, N209.33 mln and N258.39 mln generated respectively. 

Out of the total amount generated in Q4 2018, N138.42bn was generated as Non-Import VAT locally while N47.89bn was generated as Non-Import VAT for foreign. The balance of N111.71bn was generated as NCS-Import VAT.

Click Here to Download Q4 2018 VAT PDF Report

Latest 2019 NBS Reports 

Q1 2019

1.       Total Value of Credit Allocated By Banks Stood At N15.13trn As At Q4 2018 - NBS

2.      Average Price of 1kg of Tomato Decreased By 2.39% YoY To N265.49 in January 2019 - NBS

3.      FAAC Disburses N649.19bn in January 2019

4.      Average Intercity Bus Fare Decreased By -13.90% MoM To N1,541.38 in January 2019

5.      Headline Inflation Increases By 11.37% YoY in January 2019; 0.07% Lower Than December 2018 Rate

6.      Average Prices of PMS, AGO, HHK and Cooking Gas – January 2019

7.      Total Value of Capital Importation into Nigeria Stood at $16,812.47m in 2018 – NBS

8.     Nigeria’s GDP Grew By 2.38% YoY in Real Terms in Q4 2018 and 1.93% in Full Year

9.      828,502 Employees Employed By 1,110 Registered Private Guard Companies in 2018 - NBS

10.  States Generate N264.38bn as IGR in Q3 2018 - NBS

11.   NBS Publishes Drug Use in Nigeria 2018 Survey Report

12.  FAAC Disburses N3.19trn To FG in 2018 - NBS

13.  FAAC Disburses N2.38trn To FG in 2017 - NBS

14.  FAAC Disburses N812.76bn in December 2018 - NBS

15.   Average Price of 1kg of Tomato Decreased By -7.76% MoM To N294.36

16.  Average Within City Bus Journey Fare Decreased By -5.64% MoM To N181.61

17.   Headline Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher Than November 2018 Rate