nbs
NATIONAL BUREAU OF STATISTICS
TAX-TO-GDP RATIO
REVISED COMPUTATION
Report Date: June 2023
Data Source: National Bureau of Statistics (NBS)
The figures presented in this report are subject to further revisions
Overview
The tax ratios shown in this publication express aggregate tax revenues as a
percentage of GDP. The Federal Inland Revenue Service had initiated a review of the
Tax to GDP ratio in Nigeria using revised data. This collaborative effort between the
Revenue Service, the Federal Ministry of Finance, and the National Bureau of
Statistics was made for better measurement of the tax-to-GDP ratio for Nigeria. The
data used are sourced from the Office of the Accountant General of the Federation
(OAGF), Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), Joint
Tax Board (JTB), National Bureau of Statistics, and other relevant Agencies of
government that collect revenue.
The new figures are revised and updated numbers to reflect better data sources and
improved estimation using the Organisation for Economic Co-operation and
Development (OECD) manual. The OECD manual is an improvement over the
System of National Accounts (SNA 2008) classification of taxes. Although the System
of National Accounts conceptual framework and its definitions of the various sectors
of the economy are reflected in the OECD’s classification of taxes, the OECD
classifications provide the maximum disaggregation of statistical data on what are
generally regarded as taxes by tax administrations. The revised computation took
into account wider coverage of data at the Federal, State, and Local Government
levels, and revenue items not previously included in the computations, particularly,
relevant revenue collected by other agencies of government. At the end of 2021, the
tax-to-GDP ratio stood at 10.86% for Nigeria compared to an estimated 6%
previously reported.
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REVISED DATA ON TAX-TO-GDP RATIO
YEAR =N=' Billion TAX
OIL NON-OIL TOTAL TAX TOTAL REVENUE
TAXES TAXES REVENUES NOMINAL AS % of
GDP GDP
2010 1,480.36 6,864.18 8,344.55 54,612.26 15.28
2011 3,115.82 9,470.32 12,586.14 62,980.40 19.98
2012 3,211.05 8,442.14 11,653.19 71,713.94 16.25
2013 2,674.09 8,433.17 11,107.27 80,092.56 13.87
2014 2,471.70 9,294.53 11,766.23 89,043.62 13.21
2015 1,405.53 7,804.70 9,210.23 94,144.96 9.78
2016 1,243.69 7,156.77 8,400.46 101,489.49 8.28
2017 1,555.32 8,707.12 10,262.44 113,711.63 9.02
2018 2,543.57 10,695.90 13,239.47 127,736.83 10.36
2019 2,136.20 12,580.35 14,716.55 144,210.49 10.20
2020 1,651.04 11,144.51 12,795.55 152,324.07 8.40
2021 2,148.55 16,702.51 18,851.06 173,527.66 10.86
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