April 25, 2024

Nigeria earned N109.6trn non-oil tax in 12 years – NBS

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The National Bureau of Statistics (NBS) has revealed Nigeria earned N109.6 trillion from non-oil taxes in 12 years.

The federal agency gave the breakdown in its latest report titled “Tax-To-GDP Ratio.”

The document noted that between 2010 and 2021, Africa’s most populous country earned N25.1 trillion from oil tax.

According to NBS, Nigeria collected N6.8 trillion in 2010, N9.4 trillion in 2011, and N8.4 trillion in 2012 as non-oil taxes.

Non-oil taxes earned the nation N9.2 trillion in 2014, N7.8 trillion in 2015, and N7.1 trillion in 2016.

Furthermore, Nigeria generated N8.7 trillion in 2017, N10.6 trillion in 2018, and N12.5 trillion in 2019 from non-oil taxes.

However, the country collected N2.4 trillion from oil taxes in 2014, N1.4 trillion in 2015, and N1.2 trillion in 2016.

NBS added that the total tax revenue from non-oil taxes in the period under review was N142.4trillion

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