55% of Nigeria's Value Added Tax (VAT) Comes From Lagos- Kemi Adeosun (Finance Minister)

Yesterday, while speaking at a parley between the federal government and the progressive governors forum in Abuja, Nigeria's finance minister, Kemi Adeosun revealed that 55% of Nigeria's total VAT (Value Added Tax) comes from Lagos state. 

Below are her words on this...


“55% of Nigeria’s VAT was collected in Lagos State; FCT, 20%; Rivers, 6%; Kano, 5%; and Kaduna, 1%, I’m hoping that one day, finance commissioners will stop needing to come to Abuja monthly to share FAAC, because IGR (internally generated revenue) will be sufficient.” (Daily Post)