Nigeria's EMTL Fund Surges by 181.2% in July 2025, Reflecting Digital Financial Growth
The Electronic Money Transfer Levy (EMTL) fund in Nigeria surged by 181.2% to N37.6 billion in July 2025, marking a significant increase compared to the previous year. The fund, generated from levies on electronic transactions, saw a substantial rise in proceeds, reflecting the growing digital financial landscape.
The Federal Government's expansion of the EMTL scope in August 2024 to include fintech companies aimed at capturing revenue from the booming sector has contributed to the fund's growth. This increase in digital transaction levies signifies a shift towards a more digitalized financial ecosystem, showcasing the government's efforts to leverage technology for revenue generation and financial inclusion.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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