An analysis of revenue allocation data from Nigeria’s Federation Account Allocation Committee (FAAC) has highlighted some disparities in the redistribution of Value Added Tax (VAT) proceeds among states.
Agora Policy, in a data analysis shared on its X account on Tuesday, highlighted inequalities in VAT distribution among states.
Data analysis from the policy think tank highlighted how Lagos State, the top VAT contributor for the first 10 months of 2024, was allocated 16.78 per cent of its contributions. Meanwhile, Imo State received a staggering 1,715.98 per cent of its contributions during the same period.
