Nigeria's VAT collections have grown steadily to reach ₦1.56 trillion in Q2 2024

Nigeria's VAT collections have shown consistent growth over the past few years, hitting a record high in Q2 2024, declining only once (Q3 2021) in 13 quarters.

The finance minister recently confirmed that the VAT rate remains at 7.5%, dispelling rumours of an increase.

Source:
National Bureau of Statistics
Period:
Q1 2021 - Q2 2024
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