BREAKING: FG Earns N1.56trn VAT Q2, 2024 – NBS

The Federal Government’s aggregate receipt of the Value Added Tax (VAT) Q2 2024 stood at $948.3 million, indicating a growth rate of 9.11% on a quarter-on-quarter basis from $869.3 million in Q1 2024, according to VAT revenue report from the National Bureau of Statistics NBS.

The Manufacturing, Information and Communication ranked top in VAT contribution recording 11.78%; information and communication with 9.02% and Mining and quarrying with 8.79% respectively.

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