Sectoral distribution of Nigeria’s Value Added Tax (VAT) data for Q2 2019 reflected that the sum of N311.94bn was generated in as against N289.04bn generated in Q1 2019 and N269.79bn generated in Q2 2018 representing 7.92% increase Quarter –on-Quarter and 16.95% increase Year-over-Year. Other manufacturing generated the highest amount of VAT with N34.43bn generated and closely followed by Professional Services generating N29.58bn, Commercial and Trading generating N16.27bn while Mining generated the least and closely followed by Pharmaceutical, Soaps & Toiletries and Textile and Garment Industry with N50.60m, N250.09m and N316.91m generated respectively.  Out of the total amount generated in Q2 2019, N151.56bn was generated as Non-Import VAT locally while N94.90bn was generated as Non-Import VAT for foreign. The balance of N65.48bn was generated as Nigeria Customs Service-Import VAT.

After the temporary shutdown of motorbike hailing service, Gokada, which took effect from Wednesday, August 14th, 2019, the brand has returned on Monday, August 26th, after its plan to re-strategize after their CEO faced 'operational' hurdles during a ride. The return falls into a period of a price war, market expansion, and government regulations. The company’s Co-CEO, Ayodeji Adewunmi, said they will not engage in a price war as it is not a sustainable strategy, but rather focus on the experience, which they think is important as for every order Gokada fills, they get about 15 additional orders that can’t be fulfilled, which Adewunmi says clearly shows that the market is there. He added that they are building the brand into a premium standard and that they will be able to meet the high demand for their service and boost the economic growth of their market. While Gokada’s biggest rival, ORide has spread its tentacles into 3 other states outside Lagos, Gokada has said this will not dictate its pace, or affect its mode of operations, as it stands by its decision to make Lagos it's capital base, as it is tremendously enormous. On the regulation of the business by the Lagos state government, Adewunmi said it will create an advantage for players in the market and attract needed investors. So it’s something that they embrace 100%, and the company is working with the executive, and legislative arms of government to ensure that whatever the conclusion is, “Gokada can contribute to the regulation.”