The three Northern regions in Nigeria collectively contributed N540.31 billion to the country’s Value Added Tax (VAT) pool in 2024 and received an allocation of N1.39 trillion, significantly outpacing their contribution.
According to data compiled by Agora Policy, a Nigerian think tank focused on solving national challenges, the Northern states benefited from a higher allocation-to-contribution ratio.
The North West recorded the highest contribution among the Northern regions, with N211.27 billion, while receiving N574.32 billion in allocations.
The North East followed with a contribution of N174.50 billion and an allocation of N411.84 billion, while the North Central contributed N154.54 billion and received N408.66 billion.
Official figures indicate that VAT revenue for 2024 surged by 85%, increasing from N3.64 trillion in 2023 to N6.72 trillion.
Below is a breakdown of VAT contributions and allocations for the three Northern regions in 2024:
Contributed: N211.27bn
Allocated: N574.32bn
Contributed: N174.50bn
Allocated: N411.84bn
Contributed: N154.54bn
Allocated: N408.66bn
Total Contribution: N540.31bn
Total Allocation Received: N1.39tn
In life and even in death, Pa Samuel Ayodele Adebanjo remained a man of the…
With lack of access to career counseling and advisory largely contributing to unemployment in Africa,…
CONTINUING efforts to fulfil its mandate through strategic collaborations, the National Troupe of Nigeria (NTN)…
A few days ago, the Federal Inland Revenue Service (FIRS) ordered all banks in the…
A group christened 'Lawyers for the Cause of Bauchi (LAWBA)' has decried the "selective, partial…
A group known as 'Forum of Ayatutu Professors' in Benue State on Saturday called for…
This website uses cookies.