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NBS Generates N338.94 Billion from January to March Amid Lockdown

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National Bureau of Statistics - Nigeria Customs Service | VAT

National Bureau of Statistics Generates Massive N338.94 Billion in 3 Months

NBS Generates a Whooping N338.94 From VAT in 1st Qtr

Amid COVID-19, lockdown, recession, and even pandemic, the National Bureau of Statistics has said he has generated a total of N338.94 billion in the first quarter (January to March) from Value Added Tax (VAT) imposed on things nationwide.

This was made known on the National Bureau of Statistics Website, NBS said the Sectorial distribution of VAT data for Q1 2020 indicated that N338.94 billion was generated in Q1 2020 as against N308.48 billion generated in Q4 2019 and N293.04billion generated in Q1 2019.”

National Bureau of Statistics - Nigeria Customs Service

National Bureau of Statistics – Nigeria Customs Service

The report noted that the VAT generation showed an increase of 9.87 percent in Quarter-on-Quarter and 15.66 percent increase Year-on-Year.

It explained that professional services generated the highest amount of VAT with N38.30billion and closely followed by manufacturing with N37.37billion.

In this Good Report of NBS, the Nigeria Customs Service played a vital role in realizing this,

In further explanations,

The report also revealed that commercial and trading generated N17.19 billion, while mining generated the least, closely followed by textiles and the garment industry

NBS said out of the total amount generated in Q1 2020, N172.67billion was generated as Non-Import VAT locally, while N93.67billion was generated as Non-Import VAT for foreign.

The balance of N72.59billion, according to the report, was generated as Nigeria Customs Service-Import VAT.

The Nigeria Customs Service (NCS) seized 1,553 various smuggled items valued at N17.6 billion in the first quarter (Q1) of 2020 across all its commands.

PIC. 14. SEIZED BAGS OF RICE AT THE SEME COMMAND OF NIGERIA CUSTOMS SERVICE WAREHOUSE ON WEDNESDAY (24/7/13). – STOCK PHOTO OF SEIZED ITEMS

This was made known in a report obtained by the News Agency of Nigeria from the Customs’ Public Relations Officer, Joseph Attah, in Abuja yesterday.

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It said in January, 465 different contraband worth N2.5 billion duty paid were seized, in addition to 659 items of duty paid valued at N14.5 billion seized in February across all the Customs’ commands.

NATIONAL P.R.O Joseph Attah - Nigeria Customs Service

NATIONAL P.R.O Joseph Attah – Nigeria Customs Service

It stated that in March, 429 various seized smuggled items worth N545.8 million were also confiscated by officers and men of the service.

Attah assured that the service would sustain its anti-smuggling operations and support activities at boosting non-oil revenue for national development.

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First Batch of Fleeing Nigerians Arrive from Ukraine

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No fewer than 427 Nigerians based in Ukraine arrived Nnamdi Azikwe International Airport, Abuja on Friday Morning.

 

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They arrived en route Romania via Max Air.

This is according to an update by the Nigerians in Diaspora Commission (NIDCOM) on its Twitter handle.

The passengers, numbering over 400 from Romania, landed at the private jet terminal of the Nnamdi Azikiwe International Airport by 7:10 am (WAT) via a Max Air flight on Friday. They are mostly students who fled Ukraine to Romania following Russia’s invasion of the Eastern European country.

They were reportedly received by government officials and are expected to undergo documentation after which they will head home and self-isolate in line with the COVID-19 protocols. The Federal Government said they will be given some money to enable them to get to their destinations.

Friday’s flight, which was billed to arrive a day earlier, was delayed as the Federal Government cited a hitch in preparing passengers for the check-in process.

Asides Romania, the pickup flights will evacuate Nigerians from Poland, Slovakia, and Hungary.

Officials at the Ministry of Foreign Affairs had earlier said about 5, 000 Nigerians are eligible for evacuation from the warring region. The country will spend $8.5m on the exercise.

Other flights are expected to arrive in the country in the coming days as nations battle to evacuate their citizens.

Already, several African countries had moved their citizens, mainly students, from the conflict zone. Ghana, Zimbabwe, and South Africa were among the first set of nations to evacuate their citizens amid reports of racism by Ukrainian and Polish officials at the border posts.

 

Read Also: Ex-service Chiefs Arrived Senate For Ambassadorial Screening

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FG approves $8.5 Million for Evacuation of Nigerians in Ukraine

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The federal government has approved $8.5m dollars to the ministries of Foreign Affairs and Humanitarian, Disaster Management, and Social Development, towards the evacuation of over 5,000 (registered and unregistered) Nigerians stranded in Ukraine.

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Zubairu Dada the Minister of State for Foreign Affairs, made the disclosure on Wednesday, noting that three aircraft would be dispatched to four countries.

Dada noted that the pickup flights would be headed to Poland, Hungary, Slovakia, and Romania. Two flights from Air Peace and one from Max Air are expected to carry out the evacuation exercise.

He assured that all agencies are fully resourced to ensure that aircraft leave on Wednesday to begin the evacuation. He informed that the flights will embark on a number of shifts until the process is complete.

 

Read Also: FG EVACUATES 241 NIGERIANS FROM CHINA

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FG to Begin Evacuation of Nigerians from Ukraine Tomorrow

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The federal government said the first batch of air-lifting of Nigerian citizens trapped in the war-torn Ukraine is now scheduled to take place Wednesday March 2.

 

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Femi Gbajabiamila, Speaker of the House, stated this on Monday during a meeting with Geoffery Onyeama, the Minister of Foreign Affairs, in Abuja,
The evacuation, earlier planned for Monday, was rescheduled for Wednesday to give enough room for the Ministry of Foreign Affairs, the House of Representatives and the Nigerian foreign missions in Ukraine, Poland and Russia to complete the formalities of moving Nigerians from inside Ukraine to safe borders with neighboring countries.
The House of representative vowed to give every needed support to the ministry to kick-start the evacuation.

 

Read Also: Nigeria Urges Citizens in Ukraine to Protect Themselves

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