Gross Federally Collected Revenue
Gross Federally Collected Revenue (Billion )
Falling government revenue
Total Oil Revenue and its Components (Billion )
Declining oil revenue
Gross Federally Collected Revenue: Both oil and non-oil components of gross federal revenue fell below N40 billion in 2016, after recording a peak of N90 billion in 2013. The decline was most prominent in oil revenue sources due to low oil price and production shortages. On the other hand, non-oil revenue has attained an increasing one-year peak in second half of every year since 2011; reaching nearly to N400 billion by 2014. However, non-oil revenue declined to a trough of less than N200 billion in the latter end of 2015H1 and 2016Q1 due to present challenges in the business environment.
Capital Importation: Foreign investment into the agricultural sector was relatively flat between 2007 and 2012 but gained unusual momentum in September 2015. The spike in 2015 is likely driven by the
Internally Generated Revenue: Total internally generated revenue particularly declined across the 36 states in Nigeria, in 2015. This is attributable to the weak macroeconomic and financial conditions
Monetary Policy Rate: The fluctuations in MPR reflect CBNs intermittent effort to promote growth, stymie inflation or incentivize capital flows. Particularly, the rise in MPR in 2016Q1 was effort to
Balance of Trade (Export and Import): With export and, to lesser extent, import declining balance of trade fell deeply in 2015 and, to lesser extent, in 2016Q1.