Lagos, Nigeria's commercial hub, will receive less revenue from the new VAT distribution plan proposed by a presidential tax advisory body, with Lagos losing out on billions of naira compared to the October 2024 distribution. This comes as part of broader reforms aimed at improving tax efficiency and reducing evasion.
Lagos State , Nigeria 's commercial hub, is expected to be the biggest loser in a new value-added tax ( VAT ) revenue-sharing formula proposed by a presidential tax advisory body. According to an analysis by Agora Policy , a civic organization, Lagos would have received N32.2 billion instead of the N39.7 billion it received in October 2024. The analysis shows that 14 states, including Lagos, will be worse off while 22 states will benefit from the new reforms.
The Nigerian Government aims to improve tax collection efficiency, reduce evasion, and attract more investors with these reforms
VAT Revenue Sharing Lagos State Tax Reform Nigeria Agora Policy
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