Federal Govt Earned N84bn from Cash Transfer Levy in Three Months – Report Reveals
Emmanuel Femi Adedayo 
The Federal Government generated N84.05bn from the Electronic Money Transfer Levy in the first quarter of 2025.
According to report, data obtained from a Federal Inland Revenue Service document shows that the figure represents a 76 per cent year-on-year increase compared to the N47.74bn collected during the same period in 2024, reflecting stronger enforcement and the expanding use of digital payment platforms across Nigeria.
A breakdown of the figures showed that in January 2025, EMTL collections stood at N21.40bn, a 29.1 per cent rise from the N16.59bn recorded in January 2024.
February collections recorded the most significant jump, rising to N36.64bn from N15.79bn in February 2024 — more than doubling year-on-year with an increase of 132 per cent. In March 2025, EMTL revenues were N26.01bn, up by 69.2 per cent from the N15.37bn earned in March 2024.
Month-on-month, February’s N36.64bn was 71 per cent higher than January’s N21.40bn.
However, March saw a 29 per cent drop from February’s peak, although it still outperformed March 2024 by a wide margin.
Ademola Busayo 
Ayo Marvel 
