According to an examination of Federal Account Allocation Committee (FAAC) papers, the federal government produced N8.09 trillion between January and November 2025.According to a breakdown, the government received N403.68 billion from the Electronic Money Transfer Levy (EMTL) and N7.69 trillion from Value Added Tax. 00:15/03:11 10 secondsAccording to VAT analysis, the government collected N771.86 billion in January, but that amount dropped to N654.456 billion in February and N637.61 billion in March.It rose somewhat to N642.26 billion in April and N742.82 billion in May before declining once more to N678.16 billion in June. In July and August, there was a significant increase to N687.9 billion and N722.61 billion, respectively. It increased steadily to N872.63 billion in September before declining to N719.82 billion in October and N563.04 billion in November. EMTL collected N21.40 billion in January, N36.63 billion in February, and N26.01 billion in March. N40.48 billion was collected in April, compared to N28.82 billion in May. It rose to N30 billion in June and N39.16 billion in July, but it fell to N33.68 billion in August. With N53.83 billion, September had the biggest collection of the year; October had a minor decline to N49.86 billion, while November saw N43.4 billion.
About The Author
