Kemi Adeosun, minister for finance, says more than half of Nigeria’s value added tax (VAT) comes from Lagos state alone.

Speaking at the parley between the federal government and progressive governors forum (PGF) in Abuja on Tuesday, Adeosun said the 87 percent of Nigeria’s VAT is derived from four states and the Federal Capital Territory (FCT).

In other words, only 13 percent of Nigeria’s VAT comes from 32 other states in the federation.

According to her no country in the world with high tax compliance rate is poor, and no rich country has a low tax compliance rate.

“There is no poor country that has a high tax compliance rate, and no rich country that has a low one,” Adeosun said.


Quoting current VAT collection data across Nigeria, the minister said “55% of Nigeria’s VAT is collected in Lagos State. 20% in FCT, 6% in Rivers, 5% in Kano, 1% in Kaduna”.

“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.”

The minister had earlier complained about the country’s abysmal tax-to-GDP ratio, which she said was at six percent, further stating it to be one of the lowest in the world.

Speaking on the topic “The Funding Nigeria Needs,” the minister says the states must do more to generate revenue from with and not solely depend on the federal government for federal allocation.

ERockson:
The whole SE can not boast of 2% of the total VAT. I wonder which area they actually contribute to national growth in that region.

Oga080666419419:


do you think it was generated with lazy yoouths crowding all betting centers in Oyo and Ogun States.

Lagos is a no man's land.

ERockson:
The whole SE can not boast of 2% of the total VAT. I wonder which area they actually contribute to national growth in that region.

Oga080666419419:


do you think it was generated with lazy yoouths crowding all betting centers in Oyo and Ogun States.

Lagos is a no man's land.

Presidiotbuhari:
Who takes the words of madam incompetece serious?, except those scratched face, ewedu gulping Idp camp dwellers @ OSHOGBO........ Madam 18 plus 4=24....lol......By the way, when is she starting to task those beggers, littering the landcape of Ile Ife, oOshogbo,& Ibadan?

ERockson:
The whole SE can not boast of 2% of the total VAT. I wonder which area they actually contribute to national growth in that region.

scholes0:


And Yet, the same Ogun and Oyo states both generate more IGR than all the states in the South East out together..

Hhahaha the only thing Igbos have is MOUTH.
Awon Online warriors.

sunnyb0b0:


And the 50% collected in Lagos us generated from Omo oniles and agberos?

Oga080666419419:


IGR my left nyash, there more beggars in Oyo State alone than the entire Eastern Region. How many people in Oyo and Ogun State can boast of disposable income and be able to repaint their mud houses even if they ignore their decayed dirty and diarrhea infested roofs.

Who IGR Epp, when the people boasting about it queue up to receive food aid from the government?

Oga080666419419:


do you think it was generated with lazy yoouths crowding all betting centers in Oyo and Ogun States.

Lagos is a no man's land.

Anikulhapo:
Kemi Adeosun, minister for finance, says more than half of Nigeria’s value added tax (VAT) comes from Lagos state alone.

Speaking at the parley between the federal government and progressive governors forum (PGF) in Abuja on Tuesday, Adeosun said the 87 percent of Nigeria’s VAT is derived from four states and the Federal Capital Territory (FCT).

In other words, only 13 percent of Nigeria’s VAT comes from 32 other states in the federation.

According to her no country in the world with high tax compliance rate is poor, and no rich country has a low tax compliance rate.



“There is no poor country that has a high tax compliance rate, and no rich country that has a low one,” Adeosun said.


Quoting current VAT collection data across Nigeria, the minister said “55% of Nigeria’s VAT is collected in Lagos State. 20% in FCT, 6% in Rivers, 5% in Kano, 1% in Kaduna”.

“I’m hoping…


https://www.newsheadlines.com.ng/the-cable-news/2017/08/01/adeosun-more-than-half-of-nigerias-vat-comes-from-lagos/amp/

gare:



Open up the seaports in Rivers, Delta, Cross River state and see if the VAT will not increase, the Lagos we see is because of the see ports and the airport, there's nothing special about Lagos, all the. Coastal states had same value both they neglected them and focused only on Lagos, but if the Govt should open up all the ports in the Niger Delta, you would experience a lot of growth.

TheCabal:

http://www.nigerianports.org/

Lagos port complex
Rivers port complex
onne port complex
delta port complex
calabar port complex
tin can island port complex.

ERockson:


You beast could contribute to 70% of Lagos VAT and 80% of Abuja VAT, but can not contribute to 2% in your god forsaken region. Shame on you

gare:



Open up the seaports in Rivers, Delta, Cross River state and see if the VAT will not increase, the Lagos we see is because of the see ports and the airport, there's nothing special about Lagos, all the. Coastal states had same value both they neglected them and focused only on Lagos, but if the Govt should open up all the ports in the Niger Delta, you would experience a lot of growth.

StOla:
This is more like stating that the Pope is a Catholic.

BabaRamota1980:


IGR - Yoruba
VAT - Yoruba
Most industrialized - Yoruba
Most developed - Yoruba
Most satisfied with their homeland - Yoruba

gare:



Open up the seaports in Rivers, Delta, Cross River state and see if the VAT will not increase, the Lagos we see is because of the see ports and the airport, there's nothing special about Lagos, all the. Coastal states had same value both they neglected them and focused only on Lagos, but if the Govt should open up all the ports in the Niger Delta, you would experience a lot of growth.

gare:



Open up the seaports in Rivers, Delta, Cross River state and see if the VAT will not increase, the Lagos we see is because of the see ports and the airport, there's nothing special about Lagos, all the. Coastal states had same value both they neglected them and focused only on Lagos, but if the Govt should open up all the ports in the Niger Delta, you would experience a lot of growth.