Federal Government Targets 2.2 Trillion Naira From VAT In 2022

The federal government says it is targeting about 2.26 trillion Naira from the value-added tax federation account in the year 2022.
The development is contained in the 2022-2024 medium-term expenditure framework (MTEF) and Fiscal Strategy Paper (FSP),  while also expecting another 10.5 trillion Naira from the main federation account.

Meanwhile,  governors of the southern states under the aegis of Southern Governors Forum (SGF) in their recent meeting in Enugu state expressed support for the collection of vat by state governments,  where rivers and Lagos states had since signed into law bills authorizing the states to collect vat, while others are in the process of doing so.

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