World Bank: High food Prices Could Push 6m More Nigerians into Poverty

The World Bank says the increase in food prices could push additional six million Nigerians into poverty — calling on the government’s attention for short-term policies to support welfare. The Washington-based institution stated this in its latest report titled ‘COVID-19 in Nigeria: Frontline Data and Pathways for Policy’. In June, the World Bank said an estimated 7 million Nigerians were…

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VAT: Nigeria Generates N512.25 Bn (Q2, 2021), Records 56.56% Increase (Y-O-Y)

The latest report by the National Bureau of Statistics (NBS) has shown that the sum of N512.25bn was generated as VAT in Q2 2021 as against N496.39bn generated in Q1 2021 and N327.20bn generated in Q2 2020, representing a 3.20% increase Quarter-on-Quarter (q-o-q) and 56.56% increase Year-on-Year (y-o-y). According to the NBS sectoral distribution, the…

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