List of top 10 sectors that paid highest tax in Nigeria in Q1

• The federal government’s revenue from company income tax (CIT) fell by 12% in the first quarter of this year
• The revenue dropped from N1.13 trillion in Q4 to N984.61 billion in Q1, according to data from the National Bureau of Statistics
• The top paying sectors include mining and quarrying, manufacturing, financial and insurance activities and others

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

New data indicates that in the first quarter of this year, the Federal Government’s revenue from Company Income Tax (CIT) decreased by 12%.

Legit : Read More