Leadnaija
FAAC – The Director of Press and Public Relations at the Office of the Accountant General of the Federation (OAGF), Bawa Mokwa, made this announcement in a statement released on Friday.
The total distributable revenue, amounting to ₦1.424 trillion, includes ₦386.124 billion from statutory distributions, ₦604.872 billion from Value Added Tax (VAT), ₦31.211 billion from the Electronic Money Transfer Levy (EMTL), and ₦402.714 billion from Exchange Differences.
In December 2024, the overall gross revenue amounted to ₦2.310 trillion. From this, a total of ₦84.780 billion was deducted for collection costs, and an additional ₦801.175 billion was allocated for transfers, interventions, and refunds.
The communiqué indicates that the gross statutory revenue collected for December 2024 amounted to ₦1.226 trillion. This figure represents a decrease of ₦600.988 billion compared to the ₦1.827 trillion received in November 2024.
In December 2024, the Value Added Tax (VAT) generated a gross revenue of ₦649.561 billion. This amount exceeded the ₦628.973 billion reported in November 2024 by ₦20.588 billion.Tap Here for the Full Story
