Oil Slide 1 Slide 1

Report
1
NIGERIA’S REVENUE REALITIES
–
–
–
–
2011 Profile
Structure
Puzzles
Clues
2011 PROFILE
 GDP in 2011


Oil GDP
Non-Oil
 Federally Collected Revenue in 2011



Oil Revenue
Non-Oïl
Less: Transfers (to VAT Pool, etc)
 Federally Distributable Pool



Statutory Allocations
Excess Crude
VAT Pool
 Distribution




Federal Government
State Government
Local Government
13% Derivation
N37 trillion
N15 trillion
GDP N22 trillion
N11.116 trillion (Gross), N5.085 trillion (Net)
N8,879 (Gross), N4.015 (Net)
Revenue N2.237 (Gross) N2.143 (Net)
N1.073 trillion
N7.565.3 trillion
N5.085
N1.856 trillion
N623.5 billion
N7.565.3 trillion
N3.334 trillion
N1.970 trillion
N1.497 trillion
N763 billion
STRUCTURE
 Oil Revenue (Gross)
N8.879 trillion

Crude Oil / Gas Exports

PPT and Royalties etc.

Domestic Crude Oil Sales

Other Oil Revenue
Less:

Deductions 3/
N2.287 trillion
N3.976.30 trillion
N2.608.80 trillion
N6.0
Oil Revenue (Net)
N4.015 trillion
 Non- Oil Revenue
N2,237 trillion
•
•
•
•
4,863.60N

Corporate Tax

Customs & Excise Duties

Value-Added Tax (VAT)

FG Independent Revenue

Education Tax

Custom Levies

Nat. Inf. Tech Dev. Fund (NITDF)
Less:

Deductions 3/
N700 billion
N438.3 billion
N649.5 billion
N182.5 billion
N101.7 billion
N156.8 billion
N8.6 billion
Non- Oil Revenue (Net)
2.143 trillion
N94.9 billion
STRUCTURE
 Oil Revenue (Gross)
N8.879 trillion

Crude Oil / Gas Exports

PPT and Royalties etc.

Domestic Crude Oil Sales

Other Oil Revenue
Less:

Deductions 3/
N2.287 trillion
N3.976.30 trillion
N2.608.80 trillion
N6.0
Oil Revenue (Net)
N4.015 trillion
 Non- Oil Revenue
N2,237 trillion
•
•
•
•
4,863.60N

Corporate Tax

Customs & Excise Duties

Value-Added Tax (VAT)

FG Independent Revenue

Education Tax

Custom Levies

Nat. Inf. Tech Dev. Fund (NITDF)
Less:

Deductions 3/
N700 billion
N438.3 billion
N649.5 billion
N182.5 billion
N101.7 billion
N156.8 billion
N8.6 billion
Non- Oil Revenue (Net)
2.143 trillion
N94.9 billion
Gross Revenue in 2011
GDP in 2011
Oil,
15,275,681.84 ,
41%
Non-Oil,
22,027,723.50 ,
59%
Non- Oil,
2,237.90,
20%
Oil, 8,879.0,
80%
REGIONAL SHARES OF GDP
REGIONAL REVENUES
South East,
1,137,335.86,
North3%
East,
1,224,865.41,
3%
South South,
15,917,263.11,
43%
North West,
7,326,568.53,
20%
South-South,
1,148 , 34%
Southeast, 322 ,
9%
North Central,
4,919,873.54,
13%
Southwest, 616 ,
18%
South West,
6,777,498.89,
18%
Northwest,
485 , 14%
Northeast,
361 , 11%
NorthCentral,
475 , 14%
FG
 Total Revenue
 Total Expenditure
o Recurrent Expenditure
 Personel
 Overhead
 Pensions
 Debt Charges
o Current Balance
o Capital Expenditure
 Overall Overall Balance
States
LGs
Federation
3,553.50 3,410.10 1,603.80 8,567.40
4,712.10
3,542.00 1,601.20 9,855.30
3,314.50 2,055.80 1,179.40 6,549.70
1,722.40 680.2
748.1
3,150.70
673.3
484.9
231.7
1,389.90
131.5
85.1
-
216.60
527.2
232.2
-
759.40
239.00
1,354.30 424.40
2,017.70
918.5
1,375.20 421.8
2,715.50
-1,158.60 -131.90
2.60
-1,287.90
GROSS STATE PRODUCT
Rivers
Lagos
Akwa Ibom
Bayelsa
Delta
Niger
Benue
Kano
Katsina
FCT Abuja
Sokoto
Zamfara
Ondo
Jigawa
Kaduna
Borno
Nasarawa
Cross River
Kebbi
Imo
Oyo
Abia
Edo
Enugu
Ogun
Gombe
Ekiti
Kwara
Bauchi
Adamawa
Anambra
Yobe
Plateau
Osun
Kogi
Ebonyi
Taraba
2,459,371
2,405,466
1,397,521
1,353,636
1,348,869
1,279,397
1,261,059
1,233,553
1,145,162
1,095,157
981,455
948,496
517,042
501,554
447,186
389,636
384,012
320,686
287,372
248,417
216,426
186,046
178,264
165,740
163,898
159,865
153,470
152,081
137,467
134,803
130,543
107,402
97,445
78,757
0
4,879,327
3,770,883
2,000,000
4,000,000
N’ millions
6,585,940
6,000,000
TOTAL REVENUE 2011 (N'BILLIONS)
Rivers
Lagos
Akwa Ibom
Delta
Bayelsa
FCT Abuja
Kano
Abia
Ondo
Edo
Oyo
Ogun
Kaduna
Anambra
Kogi
Imo
Benue
Jigawa
Katsina
Bauchi
Gombe
Plateau
Borno
Niger
Cross River
Sokoto
Adamawa
Zamfara
Kwara
Osun
Taraba
Kebbi
Enugu
Yobe
Nasarawa
Ekiti
8,000,000
Ebonyi
314.7
267.9
256.2
235.7
196.9
103.8
97.0
84.1
83.2
82.3
78.7
77.4
77.0
72.4
68.2
67.6
67.3
66.5
66.4
64.4
64.1
63.1
62.7
62.6
62.5
61.7
61.7
61.1
60.4
60.1
55.5
55.1
53.1
52.2
49.2
48.2
45.2
-
50.0
100.0
150.0
200.0
250.0
300.0
350.0
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