N496.39bn Generated as VAT in Q1 2021 - NBS

Proshare

Saturday, May 08, 2021 03:00 PM / by NBS/ Header Image Credit:  NBS

 

Sectoral distribution of Value Added Tax (VAT) data for Q1 2021 reflected that the sum of N496.39bn was generated as VAT in Q1 2021 as against N454.69bn generated in Q4 2020 and N324.58bn generated in Q1 2020 representing 9.17% increase Quarter-on-Quarter and 52.93% increase Year-on-Year.

 

Other Manufacturing generated the highest amount of VAT with N49.41bn generated and closely followed by Professional Services generating N42.50bn, State Ministries & Parastatals generating N26.96bn while Mining generated the least and closely followed by Pioneering and Textile and Garment Industry with N48.36m, N77.01m and N289.41m generated respectively.

 

Out of the total amounted generated in Q1 2021, N224.85bn was generated as Non-Import VAT locally while N171.66bn was generated as Non-Import VAT for foreign. The balance of N99.88bn was generated as NCS-Import VAT.

 

Click Here to Download Q1 2021 VAT PDF Report


 Proshare Nigeria Pvt. Ltd.


Latest 2021 NBS Reports

Proshare Nigeria Pvt. Ltd.



Q2 2021

1.      Banking Sector Records 3.46bn Volume of Transaction in Q4 2020 - NBS

2.     Average Price of 1kg of Tomato Decreased by -0.64% MoM in March 2021 - NBS

3.     Average Fare for Bus Journey Within City Increased by 4.42% MoM in March 2021 - NBS

4.     N1.31trn Generated as IGR in 2020 - NBS

5.     Headline Inflation Increases by 18.17% YoY In March 2021, 0.82% Higher Than February 2021 Rate - NBS

6.     Average Prices of PMS, AGO, HHK and Cooking Gas - March 2021

7.     Real Household Consumption Expenditure Growth Rate Stood at 0.18% in 2020 - NBS

8.     All Commodity Group Import Index Grew By 0.13% in Q4 2020 - NBS

9.     38.60% of Nigeria's Total Public Debt Was External in Q4 2020 - NBS

 

 Proshare Nigeria Pvt. Ltd.


Q1 2021

10.  Average Price of 1kg of Tomato Increased by 11.33% YoY in February 2021 - NBS

11.   Average Fare Paid by Commuters for Intercity Journey Increased by 1.13% MoM in February 2021 - NBS

12.  FAAC Disburses N619.34bn in January 2021 - NBS

13.  Average Prices of PMS, AGO, HHK and Cooking Gas - February 2021

14.  Active Voice Subscribers Declined by -0.32% QoQ in Q4 2020 - NBS

15.  Headline Inflation Increases by 17.33% YoY In February 2021, 0.86% Higher Than January 2021 Rate

16.  Nigeria's Unemployment Rate Increases to 33.3% in Q4 2020 from 27.1% in Q2 2020 - NBS

17.  Total Trade Higher By 8.9% in Q4 2020, Lower By 10.3% in FY 2020

18.  Average Price of 1kg of Tomato Decreased by -6.59% MoM in January 2021

19.  Average Prices of PMS, AGO, HHK and Cooking Gas - January 2021

20. Nigeria Exits Recession, Real GDP Grew by 0.11% in Q4 and -1.92% in Full Year 2020

21.  Headline Inflation Increases by 16.47% YoY In January 2021, 0.71% Higher Than December 2020 Rate

22. FAAC Disburses N2.49trn to FG and N2.30trn to States in Year 2020 - NBS

23. FAAC Disburses N601.11bn in December 2020 - NBS

24. FAAC Disburses N604.00bn in November 2020 - NBS

25. Total Value of Capital Importation into Nigeria Stood at US$1,069.68m in Q4 2020 - NBS

26. N295.72bn Generated as Company Income Tax in Q4 2020 - NBS

27. N454.69bn Generated as Value Added Tax in Q4 2020 - NBS

28. Average Price of 1kg of Tomato Increases by 17.51% YoY in December 2020 - NBS

29. Average Air Fare Increases by 18.54% YoY in December 2020 - NBS

30. Average Prices of PMS, AGO, HHK and Cooking Gas - December 2020

31.  Headline Inflation Increases by 15.75% YoY In December 2020, 0.86% Higher Than November 2020 Rate

32. 62.18% of Nigeria's Total Public Debt as of Q3 2020 Was Domestic - NBS

33. Active Voice Subscribers Grew by 4.59% in Q3 2020 - NBS

 


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP