…As EMTL jumps 57% in 12 months
The federal government has made N79.93 billion from the Electronic Money Transfer Levy (EMTL) since it was implemented by fintech companies like Opay, Palmpay, and Moniepoint in December 2024.
According to data from the Federation Account Allocation Committee (FAAC), EMTL revenue available for sharing between January and March 2025 totalled N79.93 billion, a 56.80 percent year-on-year increase from the N50.97 billion recorded in the corresponding period of 2024.
Of this amount