Nigeria earns N109.6trn non-oil tax in 12 years- Report
By Joy Obakeye
The National Bureau of Statistics (NBS) has revealed that Nigeria earned N109.6 trillion from non-oil tax in 12 years.
NBS disclosed this in a document entitled: “Tax -To- GDP Ratio.”
The report noted that in the period between 2010 and 2021, the country, also, earned N25.1trillion from oil tax.
NBS said in 2010, Nigeria collected N6.8trillion, N9.4 trillion in 2011, and N8.4tr in 2012 non-oil taxes.
According to NBS, non-oil tax earned the country earned N9.2 trillion in 2014, it collected N7.8 trillion in 2015, and N7.1 trillion in 2016.
The document said non-oil taxes earned the country N8.7 trillion in 2017, N10.6 trillion I’m 2018, and N12.5 trillion in 2019.
It also said Nigeria earned N11.1 trillion from N11.1 trillion in 2020 and N16.7 trillion in 2021 oil taxes.
From the oil taxes, NBS said in 2010, Nigeria earned N1.4 trillion, in 2011 it earned N3.1tr, and N2.6tr in 2013.
The report said the country collected N2.4tr from oil taxes in 2014, and also N1.4 trillion, and N1.2tr in 2015 and 2016 respectively.
NBS added that in 2017, Nigeria earned N1.5 trillion, N2.5 trillion in 2018, and N2.1 trillion in 2019 from oil taxes.
The document said in 2020, the country collected N1.6tr from oil taxes and in 2020, it earned N2.1 trillion from the commodity.
The report pointed out that total tax revenues from non-oil and non-oil taxes in the period under review was N142.4 trillion.
The bureau noted that in 2010, Nigeria earned total revenues of N8.3tr, in 2011, the country collected N12.5 trillion, and in 2012, Nigeria earned N11.6 trillion in total revenues in 2013.
NBS said in 2014, the country collected N11.7 trillion in total tax revenues, N9.2 trillion in 2015 and N8.4 trillion in 2016.
According to the bureau, in 2017, Nigeria earned N10.2 trillion in total tax revenues and N13.2 trillion in 2018 and N14.7 trillion in 2019.
Total tax revenues Nigeria earned in 2020 were N12.7 trillion and N18.8tr in 2021.
The document said total revenue to Gross Domestic Product (GDP) in 2010 was 15.28 per cent, in 2011, 19.98per cent in 2011 and 16.25 per cent in 2012.
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NBS notes that in 2013, revenue to GDP was 13.87 per cent, in 2014; 2015 and 2016, it was 13.21 per cent, 9.78 per cent and 8.28 per cent respectively.
According to NBS, in 2017; 2018 and 2019, total revenue to GDP was 9.02 per cent; 10.36 per cent; and 10.20 per cent.
It added that total revenue to GDP in 2020 was 8.40 per cent and 10.86 per cent in 2021.
