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 Budgetary Allocation (ITC)

Capital Importation: Given the positive outlook on the ITC sector in the past few years, investments in the sector reached a 10-year peak in 2014. However, the foreign investment fell marginally in 2

Gross Domestic Product Growth Rate And Contribution To GDP

Gross Domestic Product Growth Rate: The growth performance of the Oil and Gas sector has been unsteady throughout years and declined most significantly in 2015Q4, following a positive growth recorded

Money Supply And Lending Rate

Money Supply: On a month-on-month basis, growth in M2 have accelerated overtime; reaching over N20,000 billion by April 2016. The rise in M2 at the end of 2016Q1 reflects the fast-paced rise in aggre

Business Confidence Index

Business Confidence Index: After its peak in 2011, business confidence fell sizeably in 2012 as well as 2015Q2. Most recently, BCI has declined to a negative levels in 2016Q1 and Q2. The recent declin