Nigeria’s revised VAT sharing formula lifted state revenues to N1.18 trillion in the first quarter of 2026, a 22.35% rise from the previous period, giving sub‑national governments more fiscal space for services and projects. The higher allocation is expected to fund infrastructure, health and education programmes across the country.
Discover how Nigeria’s new VAT sharing formula boosted state earnings to N1.18tn in Q1 2026, a 22.35% increase. Learn about the updated allocation. Read More: https://punchng.com/states-earn-n1-18tn-vat-under-new-formula/