Nigeria Federal Govt Revenue data was reported at 2,519.820 NGN bn in Dec 2024. This records an increase from the previous number of 2,282.540 NGN bn for Sep 2024. Nigeria Federal Govt Revenue data is updated quarterly, averaging 913.385 NGN bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 2,519.820 NGN bn in Dec 2024 and a record low of 339.100 NGN bn in Mar 2005. Nigeria Federal Govt Revenue data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.F001: Government Revenue and Expenditure.

Government Revenues in Nigeria increased to 2519.82 NGN Billion in the fourth quarter of 2024 from 2282.54 NGN Billion in the third quarter of 2024. This dataset provides - Nigeria Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Nigeria's total national government revenue amounted to approximately 10.3 trillion Naira (some 25 million U.S. dollars) by the end of 2019. Compared to the previous years, the total revenue of the Nigerian government increased considerably. Data was obtained by the Nigerian company Nairametrics, a Lagos-based company.

Nigeria NG: Revenue and Grants: Revenue: Tax Revenue: % of GDP data was reported at 1.483 % in 2013. This records a decrease from the previous number of 1.557 % for 2012. Nigeria NG: Revenue and Grants: Revenue: Tax Revenue: % of GDP data is updated yearly, averaging 2.268 % from Dec 2003 (Median) to 2013, with 11 observations. The data reached an all-time high of 5.459 % in 2008 and a record low of 0.905 % in 2004. Nigeria NG: Revenue and Grants: Revenue: Tax Revenue: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Government Revenue, Expenditure and Finance. Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average;

As of the first half of 2021, Nigerian government revenue from Personal Income Tax (PIT) amounted to around *** billion Nigerian naira (NGN), roughly *** million U.S. dollars. In 2020, a residency tax revenue of more than *** billion NGN, some *** billion U.S. dollars, was registered. This was the highest amount of taxes levied on individuals' net income and capital gains since 2010.

As of the first half of 2021, Nigerian government revenue raised internally amounted to approximately *** billion Nigerian naira (NGN), roughly *** million U.S. dollars. In 2020, an Internally Generated Revenue (IGR) of more than *** trillion NGN, some *** billion U.S. dollars, was registered. IGR is generated by a state government in the areas within which it has jurisdiction.

Nigeria NG: General Government: Revenue: % of GDP data was reported at 8.490 % in 2023. This records an increase from the previous number of 8.344 % for 2022. Nigeria NG: General Government: Revenue: % of GDP data is updated yearly, averaging 15.528 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 28.807 % in 2000 and a record low of 5.551 % in 2016. Nigeria NG: General Government: Revenue: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Nigeria – Table NG.IMF.FM: Government Finance Statistics.

Nigeria Gross Federation Account Revenue data was reported at 7,230.080 NGN bn in Dec 2024. This records an increase from the previous number of 6,865.840 NGN bn for Sep 2024. Nigeria Gross Federation Account Revenue data is updated quarterly, averaging 2,284.045 NGN bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 7,230.080 NGN bn in Dec 2024 and a record low of 1,044.890 NGN bn in Jun 2009. Nigeria Gross Federation Account Revenue data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.F001: Government Revenue and Expenditure. All federally-collected revenue is deposited into Federation Account, except that classified as Federal Government independent revenue. The Federation Account funds are transferred to the Federal Government, State Governments and Local Governments.

Nigeria Gross Federation Account Revenue: Oil data was reported at 2,004.310 NGN bn in Dec 2024. This records an increase from the previous number of 1,304.960 NGN bn for Sep 2024. Nigeria Gross Federation Account Revenue: Oil data is updated quarterly, averaging 1,288.380 NGN bn from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 2,642.800 NGN bn in Sep 2011 and a record low of 537.190 NGN bn in Jun 2016. Nigeria Gross Federation Account Revenue: Oil data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.F001: Government Revenue and Expenditure. All federally-collected revenue is deposited into Federation Account, except that classified as Federal Government independent revenue. The Federation Account funds are transferred to the Federal Government, State Governments and Local Governments.

Nigeria NG: Revenue and Grants: Revenue: Tax Revenue data was reported at 1,201,000.000 NGN mn in 2013. This records an increase from the previous number of 1,130,200.000 NGN mn for 2012. Nigeria NG: Revenue and Grants: Revenue: Tax Revenue data is updated yearly, averaging 1,130,200.000 NGN mn from Dec 2003 (Median) to 2013, with 11 observations. The data reached an all-time high of 1,346,500.000 NGN mn in 2008 and a record low of 105,700.000 NGN mn in 2004. Nigeria NG: Revenue and Grants: Revenue: Tax Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Government Revenue, Expenditure and Finance. Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

As of 2022, Nigeria's federal government receives the largest share of the Federation Accounts Allocation Committee (FAAC) revenue, at over ** percent. On the other hand, states and local governments receive about ** percent and ** percent of the allocation, respectively. According to the source, oil-producing states obtain revenues higher than non-oil-producing states, as additional derivation funds are given to the former. Overall, more than *** trillion NGN (*** billion U.S. dollars) were distributed across ** states in Nigeria between January and June 2022.

The timeline presents the music industry revenue in Nigeria from 2014 to 2018, with a forecast until 2023. Nigeria's music revenue grew from ** million U.S. dollars in 2014 to ** million U.S. dollars in 2018, and by 2023 the revenue is expected to amount to ** million U.S. dollars.

Between January and June 2022, Delta registered Nigeria's highest Federation Accounts Allocation Committee (FAAC) allocations. The state received nearly *** billion Nigerian naira (NGN) (*** million U.S. dollars) in FAAC revenue in that period. Akwa Ibom and Rives followed with around *** billion NGN and *** billion NGN (*** million and *** million U.S. dollars), respectively. According to the source, five of the leading states listed here are oil-producing states receiving a ** percent derivation fund besides their FAAC allocations.

The revenue in the 'Storage Units' segment of the consumer electronics market in Nigeria was modeled to be ************** U.S. dollars in 2024. Between 2018 and 2024, the revenue rose by ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The revenue will steadily rise by ************* U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Storage Units.

Graph and download economic data for Gross National Income for Nigeria (MKTGNINGA646NWDB) from 2008 to 2024 about Nigeria, GNI, and income.

As of the first half of 2021, personal income tax (PIT) in Nigeria represented ***** percent of the total government revenue generated internally. In 2020, slightly over ** percent of the country's internally generated revenue (IGR) was from taxes levied on individuals' net income and capital gains. This was the highest share observed since 2010.

Key information about Nigeria Tourism Revenue Growth

• Nigeria Tourism Revenue dropped 78.2 % YoY in Dec 2020, compared with a decrease of -25.6 % YoY in the previous year
• Nigeria Tourism Revenue Growth rate data is updated yearly, available from Dec 1996 to Dec 2020
• The data reached an all-time high of 184.3 % in Dec 2008 and a record low of -78.2 % in Dec 2020

Nigeria NG: Revenue and Grants: Revenue: Other Taxes: % of Revenue data was reported at 0.000 % in 2013. This stayed constant from the previous number of 0.000 % for 2012. Nigeria NG: Revenue and Grants: Revenue: Other Taxes: % of Revenue data is updated yearly, averaging 0.000 % from Dec 2003 (Median) to 2013, with 11 observations. Nigeria NG: Revenue and Grants: Revenue: Other Taxes: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank: Government Revenue, Expenditure and Finance. Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Median;

CPIA efficiency of revenue mobilization rating (1=low to 6=high) in Nigeria was reported at 3 in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - CPIA efficiency of revenue mobilization rating (1=low to 6=high) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The timeline presents the entertainment and media revenue in Nigeria from 2014 to 2018, with a forecast until 2023. The revenue was projected to grow from **** billion U.S. dollars in 2019 to **** billion U.S. dollars in 2023.