The South-West stands as Nigeria’s VAT powerhouse, generating a staggering ₦341.18 billion in VAT revenue. However, despite its massive economic contribution, the region received only ₦106.85 billion, translating to a 31% return on its VAT remittance.
The weight of this burden is disproportionately borne by Lagos, which alone remitted ₦305.52 billion, nearly 90% of the entire region’s VAT. Yet, its allocation stood at just ₦62.59 billion (20.5% of its input), making it the single largest net contributor in the country.
Meanwhile, the sharing formula worked wonders for Osun, which remitted just ₦590 million but astonishingly received ₦7.73 billion, a mind-blowing 1,211% gain. Similarly, Ondo (₦990M contribution) and Ogun (₦2.31B contribution) collectively received ₦16B, far exceeding their inputs.
This extreme fiscal sharing raises serious questions about Nigeria’s VAT allocation formula, as revenue generated by high-performing states is disproportionately funneled into lower-contributing states. The South-West, despite its economic strength, remains one of the biggest victims of VAT imbalance, funding allocations across the federation at a shocking scale.
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.
