Zainab Ahmed, foreign exchange rate

•Lagos, Rivers, Oyo record highest in generation

Kano displaces Rivers, Oyo in collections

Zamfara generates N75 m, gets N4.5 b monthly

By Emma Ujah, Abuja Bureau Chief

As the Value Added (VAT) war rages, Saturday Vanguard has obtained details of collections made   by each state and what it was allocated by the Federation Allocation Committee (FAAC), between January and August of this year, which indicates 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.

However, in the allocation of VAT revenue, Kano  came second, displacing Rivers and Oyo from the top places on the table, after Lagos.

Lagos received the sum of N139. 587 billion; Kano which generated N24 . 492 billion received the second highest allocation of N 47. 082 billion, while Rivers was in the third position as it got N 46. 270 billion.

Zamfara stood out as a peculiar state with the least generation of VAT revenue.  It was the only state that recorded less than a billion in the eight-month period of review.

The state generated only N598. 133 million, an average of about N75 million per month.

However, it received the sum of N35. 716 billion (about N4.5 billion monthly), placing it at the forth position on the allocation table.

Kaduna which recorded a VAT revenue of N18. 262 billion, came after Zamfara with an allocation of N32. 726 billion, while Kastina which generated N3. 738 billion in the period under review got N31. 539 billion.

READ ALSO: VAT controversy: OPS expresses concerns, seeks clarification on remittance

An analysis based on the six geo-political zones showed that South West had the highest allocation of N256. 737 billion, particularly because of the huge allocation to Lagos state.

North West had the second highest allocation of N219. 813 billion.

The oil producing region of South-South N 162. 598 billion.

North East and North Central received N129. 801 billion and N129. 154 billion respectively; while the South East kept the rear with N 109.629 billion allocation.

A table showing what each state generated between January –August 2021 and the allocation to each of them3

No.STATEVAT GENERATEDVAT ALLOCATION
1Abia2.290b20.020b
2Adamawa 3.689b22.260b
3Akwa Ibom8.39b27.749b
4Anambra5.938b25.001b
5Bauchi5.309b25.613b
6Bayelsa12.536b17.659b
7Benue1.268b 24.527b
8Borno 3.442b25.896b
9Cross River2.347b20.478b
10Delta13.964b27.854b
11Ebonyi7.894b18.768b
12Edo 8.284b22.588b
13Ekiti 6.635b19.756b
14Enugu5.485b20.729b
15Gombe4.028b 17.650b
16Imo 1.941b25.111b
17Jigawa3.375b26.369b
18Kaduna18.262b32.726b
19Kano 24.492b47.082b
20Kastina3.738b31.539b
21Kebbi 1.284b22.162b
22Kogi3.286b22.282b
23Kwara3.471b 18.998b
24Lagos429.203 b139.587b
25Nassarawa2.495b16.872b
26Niger3.723b25.042b
27Ogun11.823b25.141b
28Ondo4.554b22.107b
29Osun1.995b24.766b
30Oyo 64.646b45.136b
31Plateau5.208b 21.433b
32Rivers 90.293b46.270b
33Sokoto4.978b24.219b
34Taraba1.756b18.469b
35Yobe 9.445b20.525b
36Zamfara598.133m35.716bn
37FCT235.794bnNOT ELIGIBLE

Vanguard News Nigeria

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