Lagos Leads List of Nigerian States with Highest VAT Contributions Amid Tax Reform Controversy

• Lagos state is leading the list of 36 states with the highest VAT contributions in 2024
• A recent report shows that Lagos State's VAT contribution accounted for 54% of the entire VAT pool at N2.75 trillion
• Rivers and the Federal Capital Territory, Abuja came second and third, respectively, with N832.69 billion and N303.64 trillion

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

According to recent research, Lagos State is leading the list of the highest contributors to Nigeria’s Value Added Tax (VAT) revenue in 2024, with a whopping N2.75 trillion.

A Nigerian think-tank, Agora Policy, provided a detailed breakdown of each state's VAT contributions and disclosed that the amount represents 54% of the entire non-import VAT pool in the country during the review period. 

South leads the six geopolitical zones

According to the data published on Saturday, January 25, 2024, Rivers State followed with N832.69 billion, while the Federal Capital Territory came third with N303.64 trillion.

Read also

Nigeria exports over N35trn worth of goods in 9 months, 10 countries biggest customers

The New Telegraph reports that Oyo State came fourth with N272.41 billion, and Kano recorded N77.76 trillion in VAT contributions.

The Agora Policy report disclosed that the remaining states collectively contributed 19% of the total VAT revenue, with contributions from Delta hitting N73.39 billion and Imo State having the least at N4.38 billion.

States with highest VAT contributions in 2024

• Lagos: ₦2.75 trillion
• Rivers: ₦832.69 billion
• FCT: ₦303.64 billion
• Oyo: ₦272.41 billion
• Kano: ₦77.76 billion
• Delta: ₦73.39 billion
• Bayelsa: ₦64.66 billion
• Edo: ₦53.55 billion
• Anambra: ₦47.53 billion
• Akwa Ibom: ₦46.93 billion
• Adamawa: ₦42.01 billion
• Borno: ₦35.29 billion
• Niger: ₦34.84 billion
• Taraba: ₦32.37 billion
• Kwara: ₦31.51 billion
• Kaduna: ₦30.30 billion
• Ekiti: ₦29.58 billion
• Jigawa: ₦28.54 billion
• Benue: ₦26.59 billion
• Ogun: ₦26.16 billion
• Sokoto: ₦25.98 billion

FIRS smashes 70-year-old tax revenue record

Legit.ng earlier reported that the Federal Inland Revenue Service (FIRS) recently celebrated a monumental moment under Zaccheus Adedeji, the agency’s executive chairman.

Read also

Nigeria’s public debt hits new high as FG services loan collected from IMF, China, others

The event marked a turning point in FIRS' 70-year history, showcasing significant reforms that have reshaped the institution's operations and the welfare of its workforce.

Adedeji is credited with introducing a performance-based promotion system that has replaced the previously arduous advancement process.

Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng

Source: Legit.ng