The six states of the southwest of Nigeria contributed collectively to N3.11 billion to the Value Added Tax Group (VAT) of the country in 2024 and received N849.7 billion.
This contrasts with the states of the Southeast, which contributed collectively to N101.09 billion to the country value added (VAT) tax group in 2024 and received a substantial N341.45 billion in return.
According to the data compiled by Agora's policy, a group of Nigerian experts promised to find practical solutions to national challenges, Lagos contributed the highest to VAT between the southwest states and all states in general.
Official figures revealed that VAT revenues in 2024 increased by 85%, increasing from N3.64 billion in 2023 to N6.72 billion.
Also read: Complete list: Lakes generates N2.75TRN – 54% of the contributions of the states to the VAT group in 2024
Below is a breakdown of VAT contributions and assignments for the southwest states in 2024:
1. Lakes
Contributed: N2.75tn
Assigned: N460.11bn
2. Oyo
Contributed: N272.41bn
Assigned: N116.83bn
3. Ogun
Contributed: N26.16bn
Assigned: N72.10bn
4. Ondo
Contributed: N13.80bn
Assigned: N68.57bn
5. Ekiti
Contributed: N29.58bn
Assigned: N63.47bn
6. Osun
Contributed: N14. 79 billion
Assigned: N68.62bn
Total contribution: N3.11tn
Total assignment received: N849.7bn
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