Manufacturing Sector’s VAT Contribution Rises 39% to N803.5bn
Nigeria’s manufacturing sector has recorded a significant boost in its Value Added Tax (VAT) contribution, climbing 39 percent to N803.5 billion, according to the latest figures from the National Bureau of Statistics (NBS). This surge underscores the sector’s resilience despite grappling with economic headwinds such as high production costs, inflationary pressures, and foreign exchange instability. [...] Source from InfoStride News
AI summary
Nigeria’s manufacturing sector has recorded a significant boost in its Value Added Tax (VAT) contribution, climbing 39 percent to N803.5 billion, according to the latest figures from the National Bureau of Statistics (NBS). This surge underscores the sector’s resilience despite grappling with economic headwinds such as high production costs, inflationary pressures, and foreign exchange instability. [...]
Source from InfoStride News
Follow the story
About this article
- Length
- 60 words · 1 min read
- Published
- September 28, 2026
- Byline
- Temitope Nlewemchi
- Source
- Infostride