Kano State Governor, Abdullahi Ganduje
Kano State Governor, Abdullahi Ganduje

Kano beats entire 5 South East states in VAT collection

NEWS DIGEST – Kano State has beaten the entire five South East states in Value Added Tax, VAT collection for the first eight months of 2021.

This comes at the heels of a raging VAT row, legal fireworks and political negotiations between the federal government and some states.

According to an exclusive report by Daily Trust, records of VAT receipts from Federal Inland Revenue Services, FIRS, seen by the paper indicate that Kano collected N24.4bn, ahead of the five states’ accumulated collection of N20bn.

The data further revealed that Kaduna State with N19bn accrual also did better than Akwa Ibom (N9.3bn), Bayelsa (N13bn), Delta (N13bn), Edo (N9bn), and Ogun (N11bn).

For instance, Kaduna’s N19.8bn is higher than the combined collection of Abia, Cross River, Osun, Ekiti, Ondo and Imo.

Abia, according to the chart, collected N2.2bn representing 0.22%; Cross River collected N1.9bn or 0.19%; Osun collected N2.07bn or 0.20; Ekiti made N6.2bn or 0.62; Ondo collected N4.8bn or 0.48, while Imo collected 1.01bn or 0.10 %.

Yobe in the North East collected N9.3bn rubbing shoulders with Akwa Ibom (N9.3bn), Edo (N9bn), Ebonyi (N7.2bn) and Ekiti (N6.2bn).

Lagos and the FCT, combined, contribute 65.22% of the total, while all the remaining 35 states contribute 34.78 percent of the total.

The statics show that Lagos is on top of the chart with 41.5 percent of the total VAT amounting to  N421.2bn while Zamfara collected the least recording, N762.5m or 0.08 percent of the total sum.

Lagos is followed by the FCT which collected N241bn or 23.74 %; Rivers collected N92.3bn or 9.09 % while Oyo followed with N61bn representing 6.01%.