FG generates N8.09trn from VAT, electronic money transfers in 11 months

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 […]