VAT revenue falls by ₦117.43bn as FAAC shares ₦1.678trn to FG, states, LGs

The total revenue accruing to the federation account from Value Added Tax (VAT) in February 2025 fell by N117.430 billion, from N771.886 billion in January 2025 to N654.456 billion in February. This drop, along with the decline in revenue from Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Excise Duty, Import Duty, and CET Levies, [...]The post VAT revenue falls by ₦117.43bn as FAAC shares ₦1.678trn to FG, states, LGs appeared first on The Guardian Nigeria News - Nigeria and World News.

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