N424.71bn Generated as VAT in Q3 2020 - NBS

Monday, November 02, 2020 01:00 PM / NBS/ Header Image Credit:  NBS 

 

 Sectoral distribution of Value Added Tax (VAT) data for Q3 2020 reflected that the sum of N424.71bn was generated as VAT in Q3 2020 as against N327.20bn generated in Q2 2020 and N275.12bn generated in Q3 2019 representing 29.80% increase Quarter-on-Quarter and 54.37% increase Year-on-Year.

 Other Manufacturing generated the highest amount of VAT with N47.07bn generated and closely followed by Professional Services generating N44.01bn, Commercial and Trading generating N21.18bn while Mining generated the least and closely followed by Textile and Garment Industry and Pharmaceutical, Soaps & Toiletries with N64.50mln, N346.27mln and N386.16 mln generated respectively.

 Out of the total amounted generated in Q3 2020, N214.66bn was generated as Non-Import VAT locally while N115.34bn was generated as Non-Import VAT for foreign. The balance of N94.70bn was generated as NCS-Import VAT.

 

Click Here to Download Q3 2020 VAT PDF Report 

  

Latest 2020 NBS Reports 

  

Q4 2020 

1.      FAAC Disburses N682.06bn in September 2020 - NBS

2.     Average Prices of 1kg of Rice Increased By 39.07% YoY in September 2020 - NBS 

3.     Average Fare Paid for Intercity Bus Increased By 24.30% YoY in September 2020 - NBS 

4.     Average Prices of PMS, AGO, HHK and Cooking Gas - September 2020 

5.     Headline Inflation Increases By 13.71% YoY In September 2020, 0.49% Higher Than August 2020 Rate 

6.     States Generated N612.87bn as IGR in H1 2020 - NBS 

7.     All Region TOT Decreased by -0.79% in Q2 2020 Due to Weaker Trade With Europe, Africa and Asia 

  

Q3 2020 

1.      2,080 Road Traffic Crashes Occurred in Q2 2020 - NBS 

2.     33,448,633MWh of Energy Generated in 2019 - NBS 

3.     FAAC Disburses N676.41bn in August 2020 - NBS 

4.     FAAC Disburses N696.18bn in July 2020 - NBS 

5.     Average Price of 1kg of Rice Increased By 40.69% YoY in August 2020 - NBS 

6.     Average Fare For Bus Journey Within City Increased By 12.70% MoM in August 2020 - NBS 

7.     Average Prices of PMS, AGO, HHK and Cooking Gas - August 2020 

8.     Headline Inflation Increases By 13.22% YoY In August 2020; 0.40% Higher Than July 2020 Rate 

9.     Nigeria's Total Public Debt Stood At N31.01trn in Q2 2020 - NBS 

10.  Banking Sector Records 2.16bn Volume of Transaction in Q2 2020 - NBS 

11.   FAAC Disburses N547.31bn in June 2020 - NBS 

12.  Nigeria's Merchandise Trade Falls Steeply in Q2 2020 Due to Sharp Drop in Exports 

13.  FAAC Disburses N606.19bn in May 2020 - NBS 

14.  Total Value of Capital Imported into Nigeria Stood At $1,294.94m in Q2 2020 - NBS 

15.  612,547kg of Drugs Seized in 2019 - NBS 

16.  Nigeria's GDP Contracts by -6.10% YoY in Real Terms in Q2 2020 - NBS 

17.  Average Price of 1kg of Tomato Increased By 3.24% MoM in July 2020 - NBS 

18.  Average Fare Paid By Commuters for Motorcycle Journey Increased By 9.06% MoM in July 2020 

19.  Average Prices of PMS, AGO, HHK and Cooking Gas - July 2020 

20. Headline Inflation Increases By 12.82% YoY In July 2020; 0.26% Higher Than June 2020 Rate 

21.  Nigeria's Unemployment Rate Moves Up to 27.1% in Q2 2020 from 23.1% in Q3 2018 - NBS 

22. N651.77bn Generated as VAT in H1 2020 - NBS 

23. Average Prices of 1kg of Tomato Increased By 30.25% YoY in June 2020 - NBS 

24. Average Fare for Bus Journey Within City Increased By 3.36% MoM to N229.94 in June 2020 - NBS 

25. Average Prices of PMS, AGO, HHK and Cooking Gas - June 2020 

26. Headline Inflation Increases By 12.56% YoY In June 2020; 0.16% Higher Than May 2020 Rate 

27. Nigeria's Total Public Debt Stood At N28.63trn in Q1 2020 - NBS 

28. NBS Publishes National Living Standard Survey 2018-19 Report 

29. Active Voice Subscription Grew By 2.48% in Q1 2020 - NBS 

  

Q2 2020 

1.     5.26bn Litres of PMS Imported Into Nigeria in Q1 2020 - NBS 

2.     All Commodity Group Import Index Decreased By 0.84% in Q1 2020 

3.     Average Price of 1kg of Rice Increased By 28.18% YoY in May 2020 - NBS 

4.     Average Fare Paid By Commuters for Bus Journey Within City Decreased By -0.56% MoM in May 2020 - NBS 

5.     Average Prices of PMS, AGO, HHK and Cooking Gas - May 2020 

6.     Headline Inflation Increases By 12.40% YoY In May 2020; 0.06% Higher Than April 2020 Rate 

7.     Nigeria's Merchandise Trade Slowed in Q1 2020 Due to Declines in Both Imports and Exports 

8.     11,072 Road Traffic Crashes Occurred in 2019 - NBS 

9.     FAAC Disburses N780.93bn in April 2020 - NBS 

10.  FAAC Disburses N581.57bn in March 2020 - NBS 

11.   Average Price of 1kg of Rice Increased MoM By 7.56% in April 2020 - NBS 

12.  Average Air Passengers Fare Was Flat MoM in April 2020 - NBS 

13.  Total Value of Capital Importation into Nigeria Stood At $5,854.38m in Q1 2020 - NBS 

14.  Nigeria's GDP Grew By 1.87% YoY in Real Terms in Q1 2020 

15.  Average Prices of PMS, AGO, HHK and Cooking Gas - April 2020 

16.  N1.33trn Generated As IGR in 2019 - NBS 

17.  Headline Inflation Increases By 12.34% YoY In April 2020; 0.08% Higher Than March 2020 Rate 

18.  20.89bn Litres of PMS Imported Into Nigeria in 2019 - NBS 

19.  N338.94bn Generated As VAT in Q1 2020 - NBS 

20. Total Household Expenditure on Food and Non-food Was Put At N40.21bn in 2019 - NBS 

21.  Poverty and Inequality in Nigeria 2019: 40% of Total Population Classified as Poor 

22. GDP By Income and Expenditure Approach Q4 2019 - Household Final Consumption Declined by -2.40% 

23. Average Price of 1kg of Rice Increased By 21% YoY to N438.66 In March 2020 

24. Average Transport Fare Paid By Commuters Within City Increased By 1.89% MoM in March 2020 

25. Average Prices of PMS, AGO, HHK and Cooking Gas - March 2020 

26. Headline Inflation Increases By 12.26% YoY In March 2020; 0.06% Higher Than February 2020 Rate 

27. Nigeria's Total Public Debt Stood At N27.40trn in Q4 2019 - NBS 

28. 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 

 

READ MORE: