Residence Tax: Are Lagos and FCT Robbing Their Neighbours?

Personal Income Tax (PIT) or residency tax remains the primary source of income for state governments. This source forms most of the state governments’ revenue annually. In five and a half years (2016 to half-year 2021), out of the N5.964 trillion generated, PIT summed up to N2.833 trillion, making up 47.5% of the figure.