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.
Related
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 sev
External Reserve: External reserve picked up from its year-2000 level below $10,000 million to above $60,000 million in 2008. However, the external reserve fell deeply in 2010/11 and even further in 2
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
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
