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N204.77bn Generated as VAT in Q1 2017 - NBS

Proshare

Tuesday, June 13, 2017/ 1:10 PM /NBS 

Sectoral distribution of Value Added Tax (VAT) data for Q1 2017 reflected that the sum of N204.77bn was generated as VAT in Q1 2017 as against N207.35bn generated in Q4 2016 and N186.43bn in Q1 2016 representing 1.25% decrease Quarter-on-Quarter and 9.84% increase Year-on-Year. 

Other manufacturing generated the highest amount of VAT with N28.73bn generated and closely followed by Professional Services and Commercial & Trading both generating N20.82bn and N12.89bn respectively while Mining generated the least and closely followed by Local Government Councils and Textile and Garment industry with N35.07 mln,  N99.84 mln and N230.89  mln generated  

Out of the total amounted generated in Q1 2017, N126.64bn was generated as Non-Import VAT locally while N31.72bn was generated as Non-Import VAT for foreign. The balance of N46.41bn was generated as NCS-Import VAT.  

Click Here to Download Q1 2017 VAT (PDF) Report  

  

 

 

Latest 2017 NBS Reports 

Q2 2017 

1.       125,790 Cases of Reported Offences Recorded in 2016 - NBS

2.      Labour Productivity Rose to N684.43 in 2016 - NBS

3.      Merchandise Trade Grew By 0.1% - Positive Trade Balance Due to Rising Exports & Falling Imports

4.      Unemployment Rate Rises to 14.2% in Q4’16 from 13.9% in Q3’16 - NBS

5.      Lagos Airport Accounted for 76.5% of International Passengers in Q1 2017 - NBS

6.      FAAC Disburses N496.39bn in April 2017 - NBS

7.      Banking Sector Records 304.31 mln Volume of Transaction in Q1 2017 - NBS

8.     Total Value of Capital Imported into Nigeria in Q1 2017 Estimated at $908.27m - NBS

9.   GDP Contracts by -0.52% in Q1’17 from -1.73% in Q4’16; 5th Consecutive Quarter of Contraction

10.  Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch – April 2017

11.   Average Intercity Transport Fare Increases to N1,587.04 in Apr’17 from N1,466.46 in Mar’17

12.  Average Prices of 1kg of Yam Tubber Increased by 42.45% YoY in April 2017

13.  CPI Drops to 17.24% in April 2017, 0.02% Lower Than 17.26% March Rate

14.  Lagos, Rivers Top IGR for Full Year 2016

15.   Telecoms Subscribers Dropped by 1.33% in Q1 2017 - NBS

16.  Nigeria Imports 4.05bn Litres of PMS in Q1 2017 - NBS

17.   Lagos State has the highest domestic and foreign debt profile in 2016 - NBS

18.  2,556 Road Traffic Crashes Recorded in Q1 2017 - NBS

19.  FAAC Disburses N466.93bn in March 2017

20. Daily Energy Generation Attained a Peak of 5,846 MW in Q1 2017 - NBS

21.  Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - March 2017

22. Average Intercity Transport Fare Increases to N1,466.46 in Mar’17 from N1,411.87 in Feb’17

23. Average Prices of 1kg of Yam Tubber Increased by 63.4% YoY in March 2017

24. CPI Drops to 17.26% in March 2017, 0.52% Lower Than 17.78% February Rate

25.  7.49m Nigerians Are Registered Under the National Pension Scheme As At Q1 2017 - NBS

26. Lagos Airport Accounted for 69.1% of International Passengers in 2016 - NBS 
 

Q1 2017 

27.  11,363 Road Traffic Crashes Recorded in 2016 - NBS

28. FAAC Disburses N514.15bn in February 2017

29. FAAC Disburses N430.16bn in January 2017

30. Average Intercity Transport Fare Decreases to N1,411.87 in Feb’17 from N1430.63 in Jan’17

31.  Average Price of 1kg of Rice Increased by 68% YoY in February 2017

32. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - February 2017

33. CPI Drops to 17.78% in February 2017, 0.94% Lower Than 18.72% January Rate

34. Nigeria Produced 43.49m Tons of Solid Minerals in 2016 - NBS

35.  NIPOST Generates N8.84bn Revenue in 2016 - NBS

36. Q4 2016 Merchandise Trade Intensity - Total Trade Grows by 6.5% in 2016

37.  Merchandise Trade Grows in Q4 2016 - Records First Quarterly Positive Trade Balance Since Q4 2015

38. GDP Contracts by -1.30% in Q4 and -1.51% for Full Year 2016; Is Nigeria on Its Way Out of Recession?

39. JAMB Received 11.7m Applications Between 2010 and 2016

40. Average Kerosene Price Increases to N433.84 in Jan'17 from N231.85 in Dec'16

41.  Average Intracity Transport Fare Increases to N122 in Jan'17 from N84.29 in Dec'16

42. Average Cooking Gas Price Increases to N2,567.56 in Jan’17 from N2,002.16 in Dec’16

43. Average Diesel Price Increases to N240.52 in Jan’17 from N196.20 in Dec’16

44. Average Petrol Price Increases to N148.7 in Jan'17 from N146.7 in Dec'16

45.  CPI Rises to 18.72% in January 2017, 0.17% Higher Than 18.55% December 2016 Rate

46. GENCOs Issued Total Invoice of N331bn to DISCOs in 2016

47.  Nigeria Produced 5.79 mln Tonnes of Fish Between 2010 and 2015

48. 4,296 Applications Were Received by NAFDAC for New Products Registration in 2016 - NBS

49. 19,833 Vessels Berthed At Nigerian Ports Between 2013 and 2016 - NBS

50. Total Value of Capital Imported into Nigeria in Q4 2016 Estimated at $1,548.88mln - NBS

51.   Telecoms Sector Contributes N1,399bn to GDP in Q3 2016 - NBS

52.  FAAC Disburses N426.88bn in December 2016 - NBS

53.  Banking Sector Records 910.18m Volume of Transaction in 2016 on Electronic Payment Channels - NBS

54.  Daily Energy Generation Attained a Peak of 3,859.59MW in Q4 2016 - NBS

55.  10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS

56.  Nigeria Imports 4.83 bn Litres of PMS in Q4 2016 - NBS

57.  72.53% of Nigeria’s Prison Population in 2015 were Un-sentenced - NBS

58. Lagos, Ogun Top IGR for H1 2016

 

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