Business News of Monday, 27 January 2025

Source: www.mynigeria.com

Lagos tops list of Nigerian states with highest VAT contributions

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A recent research by a Nigerian think-tank, Agora Policy, stated that Lagos state has topped the list of the highest contributors to Nigeria's Value Added Tax (VAT) revenue in 2024, with a whopping N2.75 trillion.

According to Agora Policy, the amount represents 54% of the entire non-import VAT pool in the country.

Rivers State followed with N832.69 billion, while the Federal Capital Territory came third with N303.64 trillion.

Oyo State came fourth with N272.41 billion, and Kano recorded N77.76 trillion in VAT contributions.

See the list below:

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