Lagos Tops 2024 VAT Generation with N2.75 Trillion, Rivers Second In Nigeria
Lagos – Lagos State has emerged as the top earner of Value Added Tax (VAT) in Nigeria in 2024, generating a whopping N2.75 trillion. This figure significantly surpasses that of other states, underscoring Lagos’s dominant position in the country’s economic landscape.
Rivers follows closely with N832.69 billion, while Oyo secures third place at N272.41 billion.
Key Takeaways:
Significant Disparities: The data reveals stark disparities in VAT generation across the country.
Economic Powerhouses: Lagos, Rivers, and Oyo, known for their robust economic activities and industrial hubs, dominate the list.
Northern States: While some northern states like Kano and Kaduna feature on the list, their figures are considerably lower compared to their southern counterparts.
FULL LIST: VAT generated in states across Nigeria in 2024
1. Lagos: N2.75trn
2. Rivers: N832.69bn
3. Oyo: N272.41bn
4. Kano: N77.76bn
5. Delta: N73.39bn
6. Bayelsa: N64.66bn
7. Edo: N53.55bn
8. Anambra: N47.53bn
9. Akwa Ibom: N46.93bn
10. Adamawa: N42.01bn
11. Borno: N35.29bn
12. Niger: N34.84bn
13. Taraba: N32.37bn
14. Kwara: N31.51bn
15. Kaduna: N30.30bn
16. Ekiti: N29.58bn
17. Jigawa: N28.54bn
18. Benue: N26.59bn
19. Ogun: N26.16bn
20. Sokoto: N25.98bn
21. Gombe: N25.45bn
22. Ebonyi: N25.11bn
23. Kogi: N23.61bn
24. Plateau: N22.10bn
25. Katsina: N22.08bn
26. Yobe: N19.79bn
27. Bauchi: N19.59bn
28. Zamfara: N17.83bn
29. Nasarawa: N15.89bn
30. Enugu: N15.39bn
31. Osun: N14.79bn
32. Ondo: N13.80bn
33. Cross River: N9.36bn
34. Kebbi: N8.77bn
35. Abia: N8.68bn
36. Imo: N4.38bn
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