Federal finance and statistics / National Bureau of Statistics

Sectoral Distribution Of Value Added Tax (Q1 2022)

Executive Summary On the aggregate, Value Added Tax (VAT) for Q1 2022 was reported at N588.59 billion, a growth of 4.41% on a quarter-on-quarter basis from N563.72 billion in Q4 2021. Local payments recorded were N344.04 billion in Q1 2022, while Foreign VAT Payment contributed N117.99 billion. On a quarter-on-quarter basis, the Activities of extraterritorial organizations and bodies recorded the highest growth rate with 469.32%, followed by Water supply, sewerage, waste management and remediation activities with 47.62%. On the other hand, Agriculture, forestry and fishing had the lowest growt…