Business & Economy
Lagos Tops Charts Of Highest VAT Contributors
- New research has revealed that Lagos State tops the list of the highest contributors to Nigeria’s Value Added Tax (VAT) revenue in 2024, generating a staggering sum of ₦2.75 trillion.
- Rivers, FCT Claim Second, Third Spots VAT Contributors
A recent study has shed light on the significant disparities in Value Added Tax (VAT) contributions among Nigeria’s states.
Eko Hot Blog gathered that Lagos State emerged as the top contributor in 2024, generating an impressive ₦2.75 trillion, which accounts for 54% of the total non-import VAT pool.
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This revelation was made by Agora Policy, a Nigerian think tank committed to addressing national challenges.
According to the Agora Policy data, Rivers State took second place with ₦832.69 billion, while the Federal Capital Territory (FCT) ranked third, contributing ₦303.64 billion.
Oyo State and Kano State followed in fourth and fifth positions, with ₦272.41 billion and ₦77.76 billion, respectively.
The report further highlighted that the remaining 33 states collectively contributed just 19% of the total VAT revenue. Contributions from these states ranged from Delta State’s ₦73.39 billion to Imo State’s ₦4.38 billion.
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Below is the full breakdown of the VAT contributions by states and the FCT in 2024:
VAT Contributions by States (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
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