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Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS - Politics - Nairaland

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Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by BrandSpurNG: 5:29pm On Aug 10, 2021
The Nigerian Government generated the sum of N512.25 billion from Value Added Tax (VAT). The National Bureau of Statistics (NBS) disclosed this on Tuesday.
According to the NBS, sectoral distribution of Value Added Tax (VAT) data for Q2 2021 reflected that the sum of N512.25bn was generated as VAT in Q2 2021 as against N496.39bn generated in Q1 2021 and N327.20bn generated in Q2 2020 representing a 3.20% increase Quarter-on-Quarter and 56.56% increase Year-on-Year.

Other Manufacturing generated the highest amount of VAT with N44.89bn generated and closely followed by Professional Services generating N29.30bn, Commercial and Trading generating N21.96bn while Textile and Garment industry generated the least and closely followed by Pioneering and Pharmaceutical, Soaps and Toiletries with N77.74m, N169m and N188.71m generated respectively.

Out of the total amount generated in Q2 2021, N187.43bn was generated as Non-Import VAT locally while N207.69bn was generated as Non-Import VAT for foreign. The balance of N117.13bn was generated as NCS-Import VAT.

https://brandspurng.com/2021/08/10/nigeria-earned-512-25b-value-added-tax/

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by tobtap: 5:39pm On Aug 10, 2021
almost all from southern naija.... our northern states shud drop religion and ignorance and empower their people......

6 Likes

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by Turtleneck4Sale: 5:39pm On Aug 10, 2021
No wonder Bubu has been looking fresh lately, fresh funds to loot, he even employed new camera man,see fresh pictures na grin grin

5 Likes

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by vasel15: 5:39pm On Aug 10, 2021
Where is the money? No good roads and no electricity and no hospitals, just poverty everywhere

11 Likes

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by Faigi2010(m): 5:39pm On Aug 10, 2021
Alright
Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by tutudesz: 5:39pm On Aug 10, 2021
We go soon hear how the money was diverted into someone personal account in 2 years time

3 Likes

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by AGESPROPERTIES(m): 5:39pm On Aug 10, 2021
grin
Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by kiwi007: 5:40pm On Aug 10, 2021
If this money is handled by state government then let's how it goes

2 Likes

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by Akwaibomdude(m): 5:40pm On Aug 10, 2021
So what has improved then after?

1 Like

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by Amperes: 5:40pm On Aug 10, 2021
This regime has earned more money from IGR than any other In the history of Nigeria, this is 512 billion in one quarter, that's around 2 trillion per year from VAT alone, proceeds from, income tax, sales of crude oil e.t.c is not included. Yet this regime has borrowed in six years more than what was borrowed between 1999-2015. The government is just feeding fat from the people without much to show for it. While the people are suffering and smiling.

9 Likes

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by aribisala0(m): 5:41pm On Aug 10, 2021
Thank you Lagos

4 Likes 2 Shares

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by BigDawsNet: 5:41pm On Aug 10, 2021
The government should remember the country debt.... Pay up so it reduce
Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by ursullalinda(f): 5:41pm On Aug 10, 2021
Is it on paper or for real.....because everything seems negative in reality.
Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by DEROX: 5:42pm On Aug 10, 2021
wink sinzu govt
Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by Nobody: 5:42pm On Aug 10, 2021
I still believe in naija

1 Like

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by adexrocque(m): 5:43pm On Aug 10, 2021
Despite the IGRs here and there , we are still suffering.
Nigerian government (at all levels) is a wasteful entity.
Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by Duvsale5: 5:44pm On Aug 10, 2021
Interesting
Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by tstx(m): 5:44pm On Aug 10, 2021
GOING GOING GOIN GONE

The money has entered voicemail
Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by Hamman1(m): 5:44pm On Aug 10, 2021
Damn it.......

Rubbish...It still doesn't help the average Nigerian..
Provide jobs for the youths..Alleviate poverty...
Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by socialmediaman: 5:44pm On Aug 10, 2021
Nigeria cannot maximize its earning potentials with the despot in office
Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by seunmsg(m): 5:45pm On Aug 10, 2021
Nothing less than 40% of the total amount was generated in Lagos state. If the current federal high court judgement is upheld by the Supreme Court, Lagos state will start competing with the Federal government in terms of financial strength.

5 Likes

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by TimeTraveller: 5:47pm On Aug 10, 2021
60% of the VAT is from Lagos
The proceeds are from the sale of alcohol & cigarettes (including Olosho joints)

Kano and several states are against alcohol, cigars and prostitution.

But they will gladly collect SINFUL money.
They will even use the money to build mosques & subsidize Hajj.

Make of the bullshit all you want.

5 Likes 2 Shares

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by kenzysmith: 5:47pm On Aug 10, 2021
What d essence of telling us when d money will be shared by the governors and senators

1 Like

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by watchindelta(m): 5:48pm On Aug 10, 2021
And nothing to show?

1 Like

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by Amperes: 5:50pm On Aug 10, 2021
tobtap:
almost all from southern naija.... our northern states shud drop religion and ignorance and empower their people......
Of course, I see a lot of people bragging about landmass, Lagos State is the smallest state in Nigeria by landmass but makes more money than all the northern states combined. Fact

4 Likes 1 Share

Re: Nigeria Earned ₦512.25bn From Value Added Tax In Q2 2021, Up By 3.20% – NBS by Skillsnigeria: 5:50pm On Aug 10, 2021
Hmmm

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