The Nigeria Revenue Service (NRS) collected N3.4trn from the total N6.5trn it collected as Non-import Value Added Tax (TAX) in 2025 from Lagos State, analysis of documents of the Federal Account Allocation Committee (FAAC) has shown.
The VAT, also known as local VAT, collected from Lagos made up 52 per cent of what was collected during the year.
Analysis based on geographical zones indicated that South West was the zone the services collected the highest with N3.97trn collected followed by South-South with N1.29trn, the North Central, including VAT from the FCT, was next with 600.3bn.
Daily Trust reports that a total of N8.6trn was generated as VAT during the year with the NRS collecting N6.5trn as local VAT while the Nigeria Custom Service collected N2.03trn.
Analysis by monthly collection showed that N771.8bn was collected in January but it reduced to N654.4bn in February. March collection also dropped to N637.6bn but April saw a slight increase to N642.2bn.
It further increased by N100bn to N742.8bn in May but dropped to N678.1bn in June. July saw the collection of N687bn while August’s collection was N722.6bn and an increase to N872.6bn in September.
