Nigerian Government To Generate N484bn From E-payment Channels

The Federal Government is set to make a total of N483.73bn in three years from the electronic payment boom by way of the Electronic Money Transfer Levy. <br />The budget Office of the Federation office, says the nation intends to make at least N137.03bn in 2023, N157.59bn in 2024, and N189.11bn from EMTL. <br />The office further revealed that the government made N111.84bn from the levy in 2021. <br />Data from the Nigeria Inter-Bank Settlement System portal reveal that the total value of electronic transactions in the four months of 2022 (N117.33tn) is already higher than the total amount of transactions in 2019 (N108.42tn).