Federal finance and statistics / National Bureau of Statistics

Sectorial Distribution of Value Added Tax Q4 2021

Executive Summary On the aggregate, Value Added Tax (VAT) for Q4 2021 was reported at N563.72 billion, a growth of 12.63% on a quarter-on-quarter basis from N500.49 billion in Q3 2021. Local payments recorded were N333.29 billion in Q4 2021, while Foreign VAT Payment contributed N103.52 billion. On a quarter-on-quarter basis, the activities of extraterritorial organizations and bodies recorded the highest growth rate with 150.16%, followed by agriculture, forestry and fishing with 92.48%. On the other hand, arts, entertainment and recreation had the lowest growth rate with -7.07%, followed by …