The five Southeastern states in Nigeria collectively contributed N101.09 billion to the country’s Value Added Tax (VAT) pool in 2024 and received a staggering share of N341.45 billion in return.
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According to data compiled by Agora Policy, a Nigerian think tank committed to finding practical solutions to national challenges, Lagos contributed 54% of the total non-import VAT, while 33 states collectively accounted for 19%.
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The Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) were responsible for VAT collections during the year.
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Out of the N6.72 trillion total VAT generated, FIRS collected N5.13 trillion, accounting for 76.3% of the pool, while NCS contributed N1.59 trillion, representing 23.7%.
Official figures revealed that VAT revenue for 2024 increased by 85%, rising from N3.64 trillion in 2023 to N6.72 trillion.
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While the Southeastern states contributed relatively little to the VAT pool, the region received approximately 3.38 times their contributions.
Below is a breakdown of VAT contributions and allocations for the South-East states in 2024:
- Anambra
Contributed: N47.53bn
Allocated: N78.00bn - Ebonyi
Contributed: N25.11bn - Enugu
Contributed: N15.40bn
Allocated: N67.54bn - Abia
Contributed: N8.68bn
Allocated: N63.78bn - Imo
Contributed: N4.38bn
Allocated: N70.70bn
Total Contribution: N101.09bn
Total Allocation Received: N341.45bn
