Manufacturers Pay N405bn In Taxes To Nigeria Despite Economic Decline In Q2 2024

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LAGOS The Nigerian manufacturing sector has witnessed a significant surge in tax contributions, as it paid a total of N405.86 billion, combining both Company Income Tax (CIT) and Value Added Tax (VAT) in Q2 2024. This is according to newly released data from the National Bureau of Statistics (NBS). This represents an 84.1% increase