BUSINESS NEWS

VAT: FG Releases Data of what States Generated & what they Received in 8 Months [see list]

The Federation Allocation Committee (FAAC) has released the VAT collected and allocated to state’s between January and August of this year.

The data shows that the Federal Inland Revenue Service (FIRS) Offices in Lagos, Rivers and Oyo states recorded the highest collections.


Lagos generated N429. 203 billion; Rivers, N90. 293 billion, while Oyo came third with N64. 646 billion.

Meanwhile states like Zamfara and Benue collected the least.

The table below shows what each state generated between January –August 2021 and the allocation to each of them:

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