HomeBusinessWhat state in Nigeria is best at tax collection and why?

What state in Nigeria is best at tax collection and why?

Analysis of Tax Collection per State for Nigeria.

When people talk about taxation in Nigeria, the conversation usually stays at the federal level. But the real differences show up at the state level. Across Nigeria’s 36 states and the FCT, tax performance is not evenly spread at all. In reality, only a handful of states are responsible for the majority of internally generated revenue. Most others still rely heavily on monthly allocations from Abuja, in some cases covering between 70 and 90 percent of their budgets. This imbalance is one of the main reasons the IMF keeps pushing for subnational tax reform. The strength of Nigeria’s economy is not just about federal revenue—it depends heavily on whether states can fund themselves.

Lagos and a Few Others Are in a League of Their Own.

At the top of the list is Lagos State, and it is not even close. In 2024,

This post was originally published on this site.

RELATED ARTICLES
- Advertisment -spot_img

Most Popular

- Advertisment -spot_img
- Advertisment -spot_img