The National Bureau of Statistics (NBS) has said the federal government generated N697.38 billion as Value Added Tax (VAT) in the fourth quarter of 2022.
The Bureau disclosed this in its “Sectoral Distribution of Value Added Tax” report for Q4 2022, released on Wednesday.
According to the bureau, the figure represents a growth rate of 11.51 per cent on a quarter-on-quarter basis from N625.39 billion in Q3 2022.
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