VAT Contributed and Received In August 2024

 

Bayelsa contributed ₦7.12billion to VAT purse & received ₦5.58billion from VAT purse.

Imo contributed  ₦235.41Million to VAT purse & received ₦6.01billion from VAT purse.

Katsina Contributed ₦1.68billion to VAT purse & received ₦7.27billion from VAT purse.

Delta contributed ₦13.09billion to VAT purse & received ₦7.72billion from VAT purse.

Zamfara contributed ₦432.8Million to VAT purse & received ₦5.65billion from VAT purse

 Rivers contributed  ₦70.54billion to VAT purse & received ₦15.54billion from VAT purse.

Abia contributed ₦663.42million to VAT purse & received ₦5.43billion from VAT purse.

Kebbi contributed  ₦665.17million to VAT purse & received ₦5.66billion from VAT purse.

Cross River contributed ₦1.08billion to VAT Purse & received ₦5.51billion from VAT purse.

 Lagos Contributed ₦249.77billion VAT & received  ₦40.22billion from VAT sharing...

Jigawa contributed ₦1.59billion to VAT purse & received ₦6.42billion from VAT purse.

Kaduna contributed ₦2.03billion to VAT purse & received ₦7.47billion from VAT purse.

Niger contributed ₦1.73billion to VAT purse & received ₦6.21billion from VAT purse....

WHY?

Present sharing formula:

• Equality...50%   
• Population..30%      
• Derivation..20%      

Proposed NEW sharing formula:

• Equality.....20%
• Population....20%
• Derivation.....60%

Lagos contribute a staggering 246bn and only receive 40bn in return. Is that not enough reason to be upset? 

To make matters worse, some individuals from the northern regions are claiming to use their funds to develop Lagos.

https://x.com/dmightyangel/status/1863278278582096205