FG Generates N8.09trn from VAT, Electronic Money Transfers

The federal government generated the sum of N8.09trn between January and November 2025, analysis of documents of the Federal Account Allocation Committee (FAAC) has shown.

A breakdown showed the government collected N7.69trn from Value Added Tax and N403.68bn from Electronic Money Transfer Levy (EMTL).

Analysis for VAT indicates that the government collected N771.86bn in January but reduced to N654.456bn in February and down to N637.61bn in March.

It increased slightly to N642.26bn in April then N742.82bn in May before experiencing another drop to N678.16bn in June. There was a notable increase to N687.9bn in July and further increase to N722.61bn in August.

September saw the continuous increase to N872.63bn before it further dropped to N719.82bn in October and N563.04bn in November.

For EMTL, January saw a collection of N21.40bn while in February it was N36.63bn and N26.01bn in March. April recorded the collection of N40.48bn while N28.82bn was collected in May.

In June it increased to N30bn and July witnessed further increase to N39.16bn but August’s collection dropped to N33.68bn.

September recorded the highest collection during the year with N53.83bn while there was a slight reduction in October to N49.86bn and N43.4bn was collected in November.