VAT Scandal Unveiled: South-West Contributes N930B, Gets Only 28% Back in Q1 2025!
Published by Insight by Oppy | May 28, 2025 In what many are calling an economic bombshell, the latest data from the Federation Account Allocation Committee (FAAC) has exposed a glaring imbalance in Nigeria’s Value Added Tax (VAT) distribution system for the first quarter of 2025. The data, shared by @thecableindex on X (formerly Twitter), has ignited a firestorm of criticism, particularly from the South-west and South-south regions, who appear to be unfairly burdened under the current fiscal structure. The Numbers That Sparked Outrage According to the FAAC Q1 2025 report: South-west contributed ₦929.87 billion but received only ₦258.19 billion, which amounts to just 28% of what it put into the national VAT pool. South-east contributed a mere ₦28.37 billion but astonishingly received ₦104.50 billion – a 368% return. North-east contributed ₦30.04 billion and got back ₦124.20 billion, a 345% gain. North-west put in ₦68.05 billion and was allocated ₦176.74 billion, representing 260% of it...