Obinna Oriaku’s VAT Spin: A Classic Case Of Data Without Economics – By Pastor Prof. Chukwuemeka Ifegwu Eke
OBINNA ORIAKU’S VAT SPIN: A CLASSIC CASE OF DATA WITHOUT ECONOMICS Obinna, you have displayed a table, but your interpretation is analytically defective. A statistic does not become economic analysis merely because it is arranged from highest to lowest. Let us dismantle the spin with history, development economics, development finance and the mechanics of Nigerian revenue statistics. THIS IS NOT AN NBS STATE ECONOMIC-PERFORMANCE TABLE The circulated figures were presented by TheCableIndex as an analysis of FAAC records. They are not the standard NBS quarterly VAT report, which ordinarily presents VAT by economic sector and separates local VAT, foreign VAT…
