FG plan to generate N484bn from e-payment channels

The Federal Government is set to make a total of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy. This projection was made by the Budget Office of the Federation and revealed in its 2023 – 2025 Medium Term Expenditure Framework and Fiscal Strategy Paper. The EMTL was introduced in the Finance Act 2020, which amended the Stamp Duty Act to tap…
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