- Data from the Federation Account Allocation Committee (FAAC) indicates an increase in VAT contributions by over 20 Nigerian states
- A state-by-state analysis shows that increased VAT contribution showed improved economic conditions and better revenue generation
- FAAC disclosed that Kwara state recorded the highest spike in monthly VAT contribution at N9.53 billion in January from N1.97 billion in December 2024
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
Information from the Federation Account Allocation Committee (FAAC) shows that over 20 Nigerian states increased their contribution to the value-added tax (VAT) pool in January this year, relative to December 2024.



