One of the revenue sources the government is betting on is the ₦50 charge — the Electronic Money Transfer Levy — you pay every time you transfer ₦10,000 ($6.72) and more. Yearly breakdown translates to ₦228.85 billion ($153.81 million) in 2025, ₦263.68 billion ($177.22 million) in 2026, and ₦303.48 billion ($203.97 million) in 2027. The government already earned ₦219.11 billion ($147.26 million) in 2024, overshooting its ₦174.24 billion ($117.11 million) projection by ₦44.87 billion ($30.16 million). Revenue from EMTL is shared between the federal government (15%), state governments (50%), and local governments (35%). This already crossed 11 billion in 2024, which explains why the government collected ₦44.87 billion ($30.16 million) more in 2024.