Investor Presentaiton
CONFIDENTIAL
Nigeria Overview: Revenue performance
BANK OF INDUSTRY
...transforming Nigeria's industrial sector
The Government's efforts at increasing non-oil revenue witnessed a significant leap in 2023, reaching a peak of N3.67 trillion as of Q3,
2023 compared to oil and gas revenue of N2.7 trillion.
The fiscal and tax reforms initiative of the administration
include:
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☐
☐
Targeting Tax Revenue to GDP Ratio of 18% by year
2026.
Rationalization of Tax Incentives
Compliance Improvement
Expanding the Coverage of Tax Automation System
Comprehensive Customs Modernization
Curbing Crude Oil Theft
FGN TOTAL REVENUE COLLECTIONS FOR JANUARY -
SEPTEMBER 2023
NGN 'Billion
Oil and Non-Oil Revenue 2018 - Q3, 2023
466
2018
2019
2020
2021
■Oil Revenue Amount (N'b)
SOURCE: OFFICE OF THE ACCOUNTANT-GENERAL OF THE FEDERATION
2022
■Non-Oil Revenue Amount (N'b)
2023 (Q3)
بالسيا
MAY
JUN
JUL
AUG
SEP
JAN
FEB
MAR
APR
SOURCE: OFFICE OF THE ACCOUNTANT-GENERAL OF THE FEDERATION
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OIL AND NON-OIL REVENUE FOR JANUARY - SEPTEMBER 2023
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
■Oil
■Non-Oil
SOURCE: OFFICE OF THE ACCOUNTANT-GENERAL OF THE FEDERATIONView entire presentation