VAT: What States Generated, Received In Past 8 Months - Politics (2)

VAT: What States Generated, Received In Past 8 Months - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › VAT: What States Generated, Received In Past 8 Months (3465 Views)

Re: VAT: What States Generated, Received In Past 8 Months by starpower(m): 8:28pm On Sep 18, 2021

Gratitudes081:
VAT: What states generated, received in past 8 months
September 18, 2021

•Lagos, Rivers, Oyo record highest in generation

•Kano displaces Rivers, Oyo in collections

•Zamfara generates N75 m, gets N4.5 b monthly

By Emma Ujah, Abuja Bureau Chief

As the Value Added (VAT) war rages, Saturday Vanguard has obtained details of collections made by each state and what it was allocated by the Federation Allocation Committee (FAAC), between January and August of this year, which indicates that the Federal Inland Revenue Service (FIRS) Offices in Lagos, Rivers and Oyo states recorded the highest collections.

Lagos generated N429. 203 billion; Rivers, N90. 293 billion, while Oyo came third with N64. 646 billion.

However, in the allocation of VAT revenue, Kano came second, displacing Rivers and Oyo from the top places on the table, after Lagos.

Lagos received the sum of N139. 587 billion; Kano which generated N24 . 492 billion received the second highest allocation of N 47. 082 billion, while Rivers was in the third position as it got N 46. 270 billion.

Zamfara stood out as a peculiar state with the least generation of VAT revenue. It was the only state that recorded less than a billion in the eight-month period of review.

The state generated only N598. 133 million, an average of about N75 million per month.

However, it received the sum of N35. 716 billion (about N4.5 billion monthly), placing it at the forth position on the allocation table.

Kaduna which recorded a VAT revenue of N18. 262 billion, came after Zamfara with an allocation of N32. 726 billion, while Kastina which generated N3. 738 billion in the period under review got N31. 539 billion.

READ ALSO: VAT controversy: OPS expresses concerns, seeks clarification on remittance
An analysis based on the six geo-political zones showed that South West had the highest allocation of N256. 737 billion, particularly because of the huge allocation to Lagos state.

North West had the second highest allocation of N219. 813 billion.

The oil producing region of South-South N 162. 598 billion.

North East and North Central received N129. 801 billion and N129. 154 billion respectively; while the South East kept the rear with N 109.629 billion allocation.

A table showing what each state generated between January –August 2021 and the allocation to each of them

STATE VAT GENERATED VAT ALLOCATION

1 Abia 2.290b 20.020b

2 Adamawa 3.689b 22.260b

3 Akwa Ibom 8.390 27.749b

4 Anambra 5.938b 25.001b

5 Bauchi 5.309b 25.613b

6 Bayelsa 12.536b 17.659b

7 Benue 1.268b 24.527b

8 Borno 3.442b 25.896b

9 Cross River 2.347b 20.478b

10 Delta 13.964b 27.854b

11 Ebonyi 7.894b 18.768b

12 Edo 8.284b 22.588b

13 Ekiti 6.635b 19.756b

14 Enugu 5.485b 20.729b

15 Gombe 4.028b 17.650b

16 Imo 1.941b 25.111b

17 Jigawa 3.375b 26.369b

18 Kaduna 18.262b 32.726b

19 Kano 24.492b 47.082b

20 Kastina 3.738b 31.539b

21 Kebbi 1.284b 22.162b

22 Kogi 3.286b 22.282b

23 Kwara 3.471b 18.998b

24 Lagos 429.203 b 139.587b

25 Nassarawa 2.495b 16.872b

26 Niger 3.723b 25.042b

27 Ogun 11.823b 25.141b

28 Ondo 4.554b 22.107b

29 Osun 1.995b 24.766b

30 Oyo 64.646b 45.136b

31 Plateau 5.208b 21.433b

32 Rivers 90.293b 46.270b

33 Sokoto 4.978b 24.219b

34 Taraba 1.756b 18.469b

35 Yobe 9.445b 20.525b

36 Zamfara 598.133m 35.716bn

37 FCT 235.794bn NOT ELIGIBLE

Vanguard News Nigeria

Source:
https://www.vanguardngr.com/2021/09/vat-what-states-generated-received-in-past-8-months/amp/

Ebonyi is higher probably due to capital projects which should be encouraged.

Re: VAT: What States Generated, Received In Past 8 Months by Tomek09(m): 8:32pm On Sep 18, 2021

[s]

AfonjaConehead:
Gbenue soun jare,shebi awon Ibo ni problem aye e?!

[/s]
Eleribu. Omo ale jati jati

2 Likes 1 Share

Re: VAT: What States Generated, Received In Past 8 Months by Arda1000(m): 8:33pm On Sep 18, 2021

murphyibiam15:
Wow, from this Ebonyi just receive just a little more than twice than it generated as allocation, which means if it should delve more into its solid minerals it won't need those allocation.
Ebonyi even performed better than Abia and Imo in revenue generation, yet they make it seem it is Ebonyi who badly needs the allocation.
Inside life

Ebonyi limestones in large quantities,limestone can be used to produce a varieties of products,that’s one of the reason Ebonyi state is very important

Re: VAT: What States Generated, Received In Past 8 Months by Shaolin0147(m): 9:45pm On Sep 18, 2021

LegendHero:
Apology to the Northerners. I don’t think they are the parasite when looking at this VAT thing. Most of all the states are parasites both North and South except Lagos, Rivers, and Oyo.

Bayelsa, Delta, Kaduna, Kano, and Ogun are trying to an extent too.

you should also apologize for calling SE death states bcoz of the VAT collection, bcoz SE leads in cash transaction and sustainability index

Re: VAT: What States Generated, Received In Past 8 Months by LegendHero(m): 10:27pm On Sep 18, 2021

Shaolin0147:
[s]you should also apologize for calling SE death states bcoz of the VAT collection, bcoz SE leads in cash transaction and sustainability index[/s]

Ogbeni stop saying nonsense.

6 year ago data when we are in 2021.

4 Likes

Re: VAT: What States Generated, Received In Past 8 Months by Okoroawusa: 10:52pm On Sep 18, 2021

Mmm... Interesting stats. It's looking like apart from Lagos and Rivers every other state na parasites o!

Re: VAT: What States Generated, Received In Past 8 Months by AfonjaConehead: 11:00pm On Sep 18, 2021

Tomek09:
Eleribu. Omo ale jati jati ni mi

I believe there's no bla bla bla and bla bla bla is his bla bla bla dey him profile...na dem YrbMzlm.

Re: VAT: What States Generated, Received In Past 8 Months by Spy360(m): 11:35pm On Sep 18, 2021

wwwihy:
South East contribute nothing

South East States are actually the parasites

You think say Igbo man na mumu? Something didn't tell you why indirect you did not work in SE? We have been collecting our own VAT since time immemorial. The big losers are SW and SS.

1 Like

Re: VAT: What States Generated, Received In Past 8 Months by theInterpreter: 11:36pm On Sep 18, 2021

Spy360:
You think say Igbo man na mumu? Something didn't tell you why indirect you did not work in SE? We have been collecting our own VAT since time immemorial. The big losers are SW and SS.

it's better you don't talk lol grin

Stop decieving yourself grin

So funny

1 Like

Re: VAT: What States Generated, Received In Past 8 Months by murphyibiam15(m): 8:14am On Sep 19, 2021

proeast:
Something doesn't add up in these figures. Ebonyi actually generated far higher than any other SE state How is that even possible?

Ebonyi has the highest solid minerals in South East, do you know lead, zinc, limestone gymsum and granite are daily mines in the state. Get closer and understand why and don't just assume what you think cheesy

you all think Ebonyi doesn't have enough resources on its own

Re: VAT: What States Generated, Received In Past 8 Months by Multiplier7(m): 10:30am On Sep 19, 2021

Ebonyi is even vomiting money more than any state in the south east and some states in the south south, but many Igbo's are critizing the state as a local state.

Inside life. A good example of the stone which the builder rejected is now the chief corner stone.

Kudos to Ebonyi State!
Small but mighty indeed!

2 Likes

Re: VAT: What States Generated, Received In Past 8 Months by Shaolin0147(m): 10:49am On Sep 19, 2021

LegendHero:
Ogbeni stop saying nonsense.

6 year ago data when we are in 2021.

The sustainability index is 2020 report, and nothing changed about the cash transaction report, it has even improved bcoz in mid 2018 NIWA said that over 60 percent of importation in the country goes to onitsha

Re: VAT: What States Generated, Received In Past 8 Months by Elliotwaveforec: 10:59am On Sep 19, 2021

People tend to underrate Oyo, the state is economically viable; young people there are great thinkers, they take advantage of opportunities.

1 Like

Re: VAT: What States Generated, Received In Past 8 Months by bashlek(m): 11:50am On Sep 19, 2021

Truthissupreme:
How is kaduna and Kano generating more money than ogun

It actually shows all the list so far is political

Bad roads is kill Ogun biz

But to be sincere, south west deserves better, especially Lagos & Oyo......South East states have been bounded, they now look like parasites. Recent administration is now killing the vibrant of IgboS. Many of them contributed to the success of Oyo &Lagos but people will still give the yorubas the glory. Come 2023, i pray a great leader leads from South east.

1 Like

Re: VAT: What States Generated, Received In Past 8 Months by Gratitudes081(op): 12:04pm On Sep 19, 2021

Elliotwaveforec:
People tend to underrate Oyo, the state is economically viable; young people there are great thinkers, they take advantage of opportunities.

I agree with you.
In the next few years, Oyo state will be a new economy hub. Its low standard of living also make it more appealing to reside and do business

Re: VAT: What States Generated, Received In Past 8 Months by psucc(m): 12:05pm On Sep 19, 2021

Gratitudes081:
This is more clear and understandable.

With this decision of sharing percentage, it will be one sided and can see why the agitation for stopping FIRS from collecting the VATs are prevalence

The percentages are skewed to favour the north. A new template of Derivation 50%, equality 30% and population 20% has been presented but not sure of its approval.

Re: VAT: What States Generated, Received In Past 8 Months by Gratitudes081(op): 12:26pm On Sep 19, 2021

psucc:
The percentages are skewed to favour the north. A new template of Derivation 50%, equality 30% and population 20% has been presented but not sure of its approval.

The new template was presented to where and by who please?

Re: VAT: What States Generated, Received In Past 8 Months by honda001: 1:23pm On Sep 19, 2021

wwwihy:
South East contribute nothing

South East States are actually the parasites

Paddi man relax..... the real and actual figures will start springing up when states are involves 100 percent.

Re: VAT: What States Generated, Received In Past 8 Months by jaxin119: 3:59pm On Sep 19, 2021

Arranged in descending order.

Re: VAT: What States Generated, Received In Past 8 Months by Factshunter: 6:07pm On Sep 19, 2021

LegendHero:
Ogbeni stop saying nonsense.

6 year ago data when we are in 2021.

No mind that one.

How far Nah?

Long time, broooozzz, how ya side, breh!!! cool

1 Like

Re: VAT: What States Generated, Received In Past 8 Months by reiddecuti: 8:10pm On Sep 19, 2021

murphyibiam15:
Wow, from this Ebonyi just receive just a little more than twice than it generated as allocation, which means if it should delve more into its solid minerals it won't need those allocation.
Ebonyi even performed better than Abia and Imo in revenue generation, yet they make it seem it is Ebonyi who badly needs the allocation.
Inside life

Ebonyi state is an underdog state neglected and undermined by many. To those who really understand the potential of that state knows that she's not a small state. It's a state to reckon with in the future because of her agriculture, natural resources + manpower, etc.

Like Napoleon Bonaparte said: “Let China Sleep, for when she wakes, she will shake the world”. Same goes to Ebonyi State, cos when she fully arouse, she will shake the foundation of Nigeria.

1 Like 1 Share

1 2 Reply

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