The NBS made this known in its latest Sectoral distribution of VAT data for Q1, 2020 released on Monday.
It stated that the amount recorded in Q1 was more than the N308.48billion generated in Q4, 2019 and N293.04billion in Q1 2019, representing 9.87 per cent increase Quarter-on-Quarter and 15.66 per cent increase Year-on-Year.
It added that commercial and trading generated N17.19 billion while mining had the least and closely followed by Textile and Garment industry and Local Government Councils with N61.83 million, 306.05 million and 319.04 million respectively.
The NBS said N338.94billion was generated as Value Added Tax (VAT) in the first quarter (Q1) of 2020.
It further added that the balance of N72.59 billion was generated in Nigeria Customs Service-import VAT.