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Nigeria’s first quarter VAT receipt rises the most in 9yrs

Nigeria’s generated N496.4 billion from Value Added Tax (VAT) in the first three months of 2021, the highest in nine years, BusinessDay analysis shows. Data gleaned from the sectoral distribution of VAT receipt for the first quarter of 2021 from the National Bureau of Statistics (NBS) show that VAT revenue rose by 315.4 percent to…

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