VAT: Nigerian Govt generated N1.56tn in second quarter of 2024 …C0NTINUE READING HERE >>>
The Nigerian Government’s revenue collection from Value-Added Tax rose to N1.56 trillion in the second quarter (Q2) of 2024.
This is according to the National Bureau of Statistics, NBS, VAT Q2 2024 data released on Monday.
The figure represents a 99.82 percent increase compared to the N781.35 billion collected in the corresponding quarter of last year.
Also on a quarter-on-quarter basis, the Q2 VAT rose by 9.11 percent from N1.43 trillion in Q1 2024.
The data showed that local VAT…
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