Citing the relaxation of COVID-19 restrictions, analysts at Cowry Asset Management Limited have said that the Federal Government will likely rake in more revenue from Value Added Tax (VAT) in the second half of this year compared with the amount it generated in H1’20. The analysts made the prediction in the latest edition of the firm’s “Cowry Weekly Financial Markets Review and Outlook” report. According to data released by the National Bureau of Statistics (NBS) last week, total VAT collected in H1’20 rose by 8.45 per cent to N651.77 billion, from…
Read MoreAnalysts: Lockdown ease to boost VAT inflow in H2’20
