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55% of VAT revenue generated from Lagos –Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said that 55 per cent of the revenue generated by the Federal Government from Value Added Tax receipts was being collected from Lagos State.

Adeosun, according to an online publication, TheCable, said this during a meeting with members of the Progressive Governors’ Forum in Birnin Kebbi.

She explained that the balance of 45 per cent was being generated from the remaining 35 states of the federation and the Federal Capital Territory.

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