Internally Generated Revenue
Internally Generated Revenue (IGR) (Billion )
Falling IGR post-2013
Gross Federally Collected Revenue to GDP Ratio (%)
Declining Federal Government 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 affecting business performances.
Gross Federally Collected Revenue to GDP Ratio: This has generally declined overtime on the account of declining crude oil revenues (from oil export and petroleum profit tax) and, to a lesser extent, non-oil revenues (from taxes and Custom and Excise duties).
Capital Importation: Since the dramatic decline in 2013, private and government sector investments in the sector have remained low in 2016.
Budgetary Allocation: Budgetary allocations to the transpo
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 prominen
FDI, FPI and other Investments: The unusual fall in overall capital importation, especially in equity investment, in the late 2015 and early 2016 is attributable to the tougher macroeconomic and finan
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