Total Value Added Tax earnings rose to N1.08tn in January as a new sharing formula commenced, altering how the proceeds are split among the Federal Government, states, and Local Governments, findings by The PUNCH have shown.
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Documents presented at the February meeting of the Federation Account Allocation Committee and obtained by The PUNCH on Tuesday showed that total VAT collections by the Nigeria Revenue Service stood at N1.08tn in January 2026, compared with N913.96bn in December 2025.Read Original/Read Complete.
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