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Thursday, May 15, 2020
04:00 PM / NBS/ Header Image Credit: NBS
Sectoral distribution of Value
Added Tax (VAT) data for Q1 2020 reflected
that the sum of N338.94bn was generated as VAT in Q1 2020 as against N308.48bn generated in Q4 2019 and N293.04bn generated in Q1 2019 representing 9.87% increase Quarter-on-Quarter and 15.66% increase Year-on-Year.
Professional Services generated the highest amount of
VAT with N38.30bn
generated and closely followed by Other Manufacturing generating N37.37bn, Commercial and Trading
generating N17.19bn while Mining generated the
least and closely followed by Textile and Garment Industry and Local
Government Councils with
N61.83m,
N306.05m
and N319.04m
generated respectively.
Out of the total amounted
generated in Q1 2020,
N172.67bn
was generated as Non-Import VAT locally while N93.67bn was generated as Non-Import
VAT for foreign. The balance of N72.59bn was generated as NCS-Import
VAT.
Click Here to Download Q1 2020 VAT PDF Report
Latest
2020 NBS Reports
Q2 2020
1.
Total Household
Expenditure on Food and Non-food Was Put At N40.21bn in 2019 - NBS
2.
Poverty and
Inequality in Nigeria 2019: 40% of Total Population Classified as Poor
3.
GDP By Income and
Expenditure Approach Q4 2019 - Household Final Consumption Declined by -2.40%
4.
Average Price of
1kg of Rice Increased By 21% YoY to N438.66 In March 2020
5.
Average Transport
Fare Paid By Commuters Within City Increased By 1.89% MoM in March 2020
6.
Average Prices of PMS, AGO, HHK and Cooking Gas
- March 2020
7.
Headline Inflation
Increases By 12.26% YoY In March 2020; 0.06% Higher Than February 2020 Rate
8.
Nigeria's Total
Public Debt Stood At N27.40trn in Q4 2019 - NBS
9. FAAC Disburses N647.35bn in February 2020 - NBS
Q1 2020
1.
Banking Sector
Records 893.68m Volume of Transaction in Q4 2019 - NBS
2.
Active Voice
Subscription Grew By 3.08% in Q4 2019 - NBS
3.
All Commodity
Group Import Index Fell by 3.27% Due Mainly to Declines in the Prices of Goods
4.
Average Prices of
1kg of Tomato Decreased By -10.65% YoY to N237.22 in Jan 2020 - NBS
5.
Average Fare Paid
By Commuters For Bus Journey Intercity Increased By 0.91% MoM in February 2020
6.
Average Prices Of
PMS, AGO, HHK and Cooking Gas - February 2020
7.
Headline Inflation
Increases By 12.20% YoY In February 2020; 0.07% Higher Than January 2020 Rate
8.
FAAC Disburses
N716.30bn in January 2020 - NBS
9.
FAAC Disburses
N2.93trn to FG in 2019 - NBS
10.
Total Value of
Capital Imported in Q4 2019 Stood At $3,802.38m - NBS
11.
FAAC Disburses
N650.83bn in December 2019 - NBS
12.
Nigeria's
Merchandise Trade Grew in Q4 2019; Imports Rose Faster Exceeding Falling Exports
13.
Nigeria's GDP Grew
By 2.55% in Real Terms in Q4 2019 and 2.27% in Full Year 2019
14.
Average Prices of 1kg of Tomato Decreased By
-10.65% YoY to N237.22 in Jan 2020 - NBS
15.
Average Prices Of PMS, AGO, HHK and Cooking Gas
- January 2020
16.
Headline Inflation
Increases By 12.13% YoY In January 2020; 0.15% Higher Than December 2019 Rate
17.
N293.80bn
Generated as IGR in Q3 2019 - NBS
18.
Nigeria's Total
Public Debt Stood At N26.14trn in Q3 2019 - NBS
19.
Average Intercity Fare Increases By 1.43% MoM To N1,
666.57 In December 2019
20.
Average Price of
1kg of Tomato Decrease YoY by -2.80% To N263.90 In December 2019
21.
All Commodity Group Index Grew By 2.48% in Q3
2019
22.
Average Prices Of
PMS, AGO, HHK and Cooking Gas - December 2019
23. Headline Inflation Increases By 11.98% YoY In December 2019; 0.13% Higher Than November 2019 Rate