Lagos Leads as States Generate N7.42trn in VAT Revenue for 2024

States across Nigeria collectively generated N7.42 trillion in Value Added Tax (VAT) revenue in 2024, with Lagos topping the list at N2.75 trillion, according to data from the Federation Account Allocation Committee (FAAC).

Lagos, the country’s commercial hub, accounted for nearly 37% of the total VAT revenue. Rivers State followed with N832.69 billion, while Oyo came third with N272.41 billion.

Kano, a northern economic powerhouse, generated N77.76 billion, securing the fourth position, while Delta State rounded out the top five with N73.39 billion.

Other notable contributors include Bayelsa with N64.66 billion, Edo at N53.55 billion, and Anambra with N47.53 billion. Akwa Ibom and Adamawa also made the top ten, generating N46.93 billion and N42.01 billion, respectively.

At the lower end of the spectrum, states like Imo (N4.38 billion), Abia (N8.68 billion), and Kebbi (N8.77 billion) recorded the least VAT revenue.

Full VAT Breakdown by State (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