Turning the Corner: A New Compact between Nigeria's People and State

NIGERIA THE WORLD BANK IBRD ⚫IDA | WORLD BANK GROUP 2011 2012 Percent of GDP (%) 12 10 10 8 60 2013 16 14 18 20 6.9 6.4 6.0 5.1 2014 2015 2016 INCREASING REVENUES REMAINS CRITICAL TO STABILIZE NIGERIA'S FISCAL SITUATION - BOTH OIL AND NON-OIL General government revenue 4 6.4 5.8 5.8 5.2 2 3.2 3.6 3.5 3.6 3.0 2.3 1.6 2.0 2.0 1.8 2.0 0 2017 2018 6.0 4.6 5.3 4.2 4.4 5.6 4.3 4.5 4.6| 4.9 4.3 ■ Oil Non-oil Source: OAGF, NBS, WDI, WB -Revenue 2019 2020 2021 2022 2023p ---SSA average in 2022 2024p 20 20 2025p

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