Lagos State has come top in the generation of Value Added Tax, VAT pool in the country for the year 2024. To top other Nigerian States, Lagos generated a remarkable N2.75 trillion, which accounts for 54% of the total non-import VAT pool.
The stats were contained in the data compiled by Agora Policy.
According to the report, Rivers State followed as the second-highest contributor. The State recorded N832.69 billion, while the Federal Capital Territory (FCT) ranked third with N303.64 billion.
Oyo State came fourth with the generation of N272.41 billion, and Kano State occupied the fifth position with N77.76 billion.
The report revealed that 33 other States collectively contributed only 19% of the total VAT pool. The amounts ranged from Delta State’s N73.39 billion to Imo State’s N4.38 billion. Imo State, however, recorded the lowest VAT generation in the year under review.
Agora Policy, a Nigerian think tank focused on pragmatic solutions to national challenges, provided a comprehensive breakdown.
The full list of VAT contributions by States and the Federal Capital Territory is shown below:
- Lagos: N2.75trn
- Rivers: N832.69bn
- FCT: N303.64bn
- Oyo: N272.41bn
- Kano: N77.76bn
- Delta: N73.39bn
- Bayelsa: N64.66bn
- Edo: N53.55bn
- Anambra: N47.53bn
- Akwa Ibom: N46.93bn
- Adamawa: N42.01bn
- Borno: N35.29bn
- Niger: N34.84bn
- Taraba: N32.37bn
- Kwara: N31.51bn
- Kaduna: N30.30bn
- Ekiti: N29.58bn
- Jigawa: N28.54bn
- Benue: N26.59bn
- Ogun: N26.16bn
- Sokoto: N25.98bn
- Gombe: N25.45bn
- Ebonyi: N25.11bn
- Kogi: N23.61bn
- Plateau: N22.10bn
- Katsina: N22.08bn
- Yobe: N19.79bn
- Bauchi: N19.59bn
- Zamfara: N17.83bn
- Nasarawa: N15.89bn
- Enugu: N15.39bn
- Osun: N14.79bn
- Ondo: N13.80bn
- Cross River: N9.36bn
- Kebbi: N8.77bn
- Abia: N8.68bn
- Imo: N4.38bn
source: Nigerian Tribune
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