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FG rakes in N588.59bn as VAT in Q1,2022

Published by New Telegraph on Sat, 18 Jun 2022


Value Added Tax (VAT) collection recorded significant increase in the sum of N588.59 billion in the first quarter of 2022, VAT data from the National Bureau of Statistics (NBS) confirmed. The figure, represents growth of 4.41% on a quarter-on-quarter basis from N563.72 billion in Q4 2021. Local payments stood at N344.04 billion in Q1 2022, []
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