Petroleum Sector Generates N12.132bn Tax In Three Months —NBS - Business - Nairaland
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| Petroleum Sector Generates N12.132bn Tax In Three Months —NBS by Mediamerge: 7:26pm On May 23, 2018 |
Energy Worth with Agency Report Nigeria’s petroleum sector contributed Value Added Tax (VAT) of N12.132 billion during the first quarter of 2018, data from the National Bureau of Statistics (NBS) has shown. NBS said its first quarter VAT allocation report at the weekend, that offshore operations of the oil and gas sector generated 797.489 million; oil marketing, N2.512 billion; oil producing, N7.360 billion; and gas, N1.461 billion. At a broader level, sectoral distribution of VAT data for first quarter of 2018 reflected that the sum of N269.79 billion was generated as VAT in first quarter 2018 as against N254.10 billion generated in fourth quarter 2017 and N221.38 billion in first quarter of 2017. Read more...http://energyworthonline.com/2018/05/23/petroleum-sector-generates-n12-132bn-tax-in-three-months-nbs/ |
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