Headlines
Southern States Generate ₦387.06bn VAT, Receive ₦149.09bn Allocation in August 2024
Southern Nigerian states contributed ₦387.06 billion to the VAT pool but were allocated only ₦149.09 billion in August 2024, sparking discussions on revenue sharing.
The Federal Inland Revenue Service (FIRS) disclosed that the Value Added Tax (VAT) revenue generated in Nigeria’s southern states significantly surpassed the VAT pool allocations they received in August 2024.
Recent data from the FIRS indicates that nationwide VAT revenue for August reached N444.19 billion, with southern states making a notable contribution of N387.06 billion.
Nevertheless, even with this substantial contribution, the southern states were allocated only N149.09 billion in VAT.
This stands in stark contrast to the situation in the ten northern states, which collectively contributed N13.69 billion but received a significant N59.17 billion in allocations.
For example, Zamfara State in the north contributed only N432.80 million but received N5.65 billion in return, whereas Lagos State contributed an impressive N249.77 billion and received just N40.22 billion back.
Reports indicate that Nigeria’s proposed tax reform bill, introduced by the Presidential Committee on Fiscal and Tax Reform under the leadership of Taiwo Oyedele, has recently ignited widespread debate.
The reform bill aims to simplify the tax system by aligning various levies, consolidating revenue collection procedures, and incorporating technology for improvement.
Recent data from the FIRS underscores a disparity in VAT contributions and allocations. It reveals that southern states receive significantly less in allocation compared to their contributions, whereas some northern states benefit from allocations that exceed what they contribute.
Here is a detailed account of VAT contributions and allocations for the Southern states in August 2024:
1. South-west
Contributed: N278.52bn
Allocated: N73.09bn
2. South-south
Contributed: N100.38bn
Allocated: N46.97bn
3. South-east
Contributed: N8.16bn
Allocated: N29.03bn
Total Contribution: N387.06 billion
Total Allocation Received: N149.09 billion
FULL LIST: 36 and FCT contributions and allocation from VAT pool in August 2024
- Lagos
Contributed: N249.77bn
Allocation: N40.22bn
- Rivers:
Contributed: N70.54bn
Allocation: N15.54bn
- Oyo:
Contributed: N20.11bn
Allocation: N9.46bn
- FCT:
Contributed: N18.17bn
Allocation: N5.34bn
- Delta:
Contributed: N13.09bn
Allocation: N7.82bn
- Bayelsa:
Contributed: N7.12bn
Allocation: N5.58bn
- Kano:
Contributed: N4.65bn
Allocation: 9.71bn
- Akwa Ibom:
Contributed: N4.49bn
Allocation: N6.54bn
- Anambra:
Contributed: N4.28bn
Allocation: N6.66bn
- Edo:
Contributed: N4.05bn
Allocation: N6.08bn
- Ekiti:
Contributed: N3.66bn
Allocation: N5.54bn
- Borno:
Contributed: N3bn
Allocation: N6.48bn
- Kwara:
Contributed: N2.89bn
Allocation: N5.44bn
- Adamawa:
Contributed: N2.59bn
Allocation: N5.86b
- Plateau:
Contributed: N2.58bn
Allocation: N5.87bn
- Benue:
Contributed: N2.56bn
Allocation: N6.47bn
- Gombe:
Contributed: N2.55bn
Allocation: N5.38bn
- Kogi:
Contributed: N2.43bn
Allocation: N5.91bn
- Kaduna:
Contributed: N2.03bn
Allocation: N7.48bn
- Ebonyi:
Contributed: N1.90bn
Allocation: N5.20bn
- Taraba:
Contributed: N1.88bn
Allocation: N5.27bn
- Sokoto:
Contributed: N1.84bn
Allocation: N6.07bn
- Osun:
Contributed: N1.81bn
Allocation: N5.91bn
- Ogun:
Contributed: N1.74bn
Allocation: N6.08bn
- Niger:
Contributed: N1.73bn
Allocation: N6.21bn
- Yobe:
Contributed: N1.71bn
Allocation: N5.26bn
- Katsina:
Contributed: N1.68bn
Allocation: N7.27bn
- Jigawa:
Contributed: N1.59bn
Allocation: N6.42bn
- Nasarawa:
Contributed: N1.47bn
Allocation: N4.97bn
- Ondo:
Contributed: N1.45bn
Allocation: N5.88bn
- Enugu:
Contributed: N1.08bn
Allocation: N5.73bn
- Cross River:
Contributed: N1.08bn
Allocation: N5.51bn
- Bauchi:
Contributed: N691.28m
Allocation: N6.48bn
- Kebbi:
Contributed: N665.17m
Allocation: N5.66bn
- Abia:
Contributed: N663.42m
Allocation: N5.43bn
- Zamfara:
Contributed: N432.80m
Allocation: N5.65bn
37. Imo
Contributed: N235.41m
Allocation: N6.01bn
Total VAT Generated: N444.19bn
Total Allocation Distributed: N272.29bn
