Nigeria Finance Minister, Mrs. Kemi Adeosun has made a revelation: “More than half of Nigeria’s value added tax, VAT, comes from Lagos State alone. 87 percent of Nigeria’s VAT is derived from four states and the Federal Capital Territory, FCT.”

“Only 13 percent of Nigeria’s VAT came from 32 other states in the federation. There is no poor country that has a high tax compliance rate, and no rich country that has a low one.”

“55% of Nigeria’s VAT is collected in Lagos State; FCT, 20%; Rivers, 6%; Kano, 5%; and Kaduna, 1%. I’m hoping that one day, finance commissioners will stop needing to come to Abuja monthly to share FAAC, because IGR (internally generated revenue) will be sufficient.”