Nigeria Economic Chart Park

Tax Collected

Declining tax revenue, post-2012

Tax Collected (Billion )

Gross Value Added Tax (VAT) (Billion )

Unstable tax (VAT) collection

Tax Collected: Tax revenue which has relatively maintained an upward trend, fell considerably in 2015 and dipped significantly in early 2016 on the account of economic downturn, as many businesses severely underperformed or shut down operations in the period.

Gross Value Added Tax: Gross Value Added Tax (gross VAT) has maintained fluctuant tempo; reaching a trough at below N40 billion in 2010Q4 and peak of above 90 billion dollars in 2013Q4. In recent times, gross VAT has fallen below N50 billion on the account of falling consumer demand following present macroeconomic challenges.




Related

 

Capital Importation And Gross Domestic Product Growth Rate And Contribution To GDP (Construction Sector)

Capital Importation: Capital expenditure into the construction sector remained above 10 percent since 2005 until 2015. Similar to the manufacturing sector, overall capital imported into the constructi

Internally Generated Revenue

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

Gross Domestic Product Growth Rate And Contribution To GDP (Transport Sector)

Gross Domestic Product Growth Rate: Growth in the sector which stalled in the second and third quarters of 2015 witnessed a considerable decline in 2015Q4; the stall in growth in 2015 is attributable

Crude Oil Price

Crude Oil Price: Crude oil price attained a historical low of $30.7 in January 2016 largely due to excess global oil supply. Crude Oil Production and Export: Oil production has continued to fall in