Nigeria's VAT system creates a deep financial imbalance across its regions. The South-West, despite remitting more than half of the nation’s VAT revenue (₦341.38B), receives only 29% of what it pays. Similarly, the South-South remitted significantly (₦121.84B), but most of it came from Rivers (₦90.21B), which barely got anything back.
Meanwhile, the three Northern zones collectively remitted ₦66.18B but received ₦161.11B, a staggering 240% return. This means that the North got back more than twice what it remitted, while the South-West and South-South are the biggest net losers.
Perhaps the most striking disparity is in the South-East, which remitted just ₦10.94B but received ₦39.13B, a return of over 357%. Similarly, the North-East enjoyed a 312% return, receiving ₦46.68B despite remitting just ₦14.94B.
This VAT redistribution formula favours lower-contributing regions while heavily taxing high-revenue states, raising critical questions about fairness and sustainability in Nigeria's revenue-sharing model.
FCT, Ogun, and Nasarawa consistently rank as the top three states with the highest number of road accidents.
The FCT recorded its peak accident figures in 2022, particularly in Q2 (842 cases) and Q4 (864 cases).
In Q2 and Q3 of 2024, Ogun State surpassed the FCT in the number of reported accidents.
Across these three states, there has been a notable decline in accident numbers, with an average decrease of approximately 37.6% between Q2 and Q3 2024.
