𝐅𝐆, 𝟐𝟏 𝐬𝐭𝐚𝐭𝐞𝐬 𝐭𝐨 𝐫𝐚𝐤𝐞 𝐢𝐧 𝐍𝟐.𝟓𝐭𝐧 𝐟𝐫𝐨𝐦 𝐕𝐀𝐓

An analysis of the 2025 budget documents from the Federal Government and 21 states revealed a combined VAT revenue projection of about N2.53tn, representing a significant increase of N1tn (65.8 per cent) compared to the N1.527tn projected in 2024.