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Nigeria Forum/News

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FG, 21 states to rake in N2.5tn from VAT

punchng.com/fg-21-...

submitted about 1 year ago by uzong

FG, 21 states to rake in N2.5tn from VAT

submitted about 1 year ago by uzong

FG, 21 states to rake in N2.5tn from VAT
  • The Federal Government and 21 states in Nigeria expect to collect a total of N2.5 trillion in Value Added Tax (VAT) revenue in 2025, excluding potential additional funds from proposed tax reform bills.
  • This projection represents a significant increase from the previous year, with various states like Kebbi, Kaduna, Ekiti, and Oyo anticipating higher VAT revenues compared to 2024.
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