31-10-2023

Year ending 31st December. The data are on a cash basis. Some personal income taxes, capital gains taxes, road taxes, and other taxes are collected at the state level. Statistics on state level revenues were not available in disaggregated form for 2017 and 2018. For these years, revenues for the categories State PAYE ("Pay as You Earn") Tax, Personal Income Tax (State), Other tax revenue from states were estimations.
For the first time, this edition reports revenues collected by Local Government Areas (LGAs). These revenues are reported under "Non-tax revenue: Miscellaneous and unidentified revenue" although they include some tax revenues.
Heading 1110: State level income taxes on individuals on paid employment are collected on a PAYE ("Pay as you earn") basis, while those who are self-employed or receive business income on a non-salary basis are charged under direct assessment. These are reported separately in this table, but the tax basis is the same for both cases. In previous editions the contributions to the National Housing Fund were reported as payroll taxes under Heading 3000.
Heading 1210: The Petroleum Profits Tax includes all tax revenue payments by oil exploration companies irrespective of the type of exploration arrangement (production sharing, joint ventures, etc.) despite the fact that different types of arrangements could give rise to different tax rates. This heading does not include the government's share of company revenue arising from the revenue-sharing component of the exploration arrangements. These latter funds are reported as oil revenues in the non-tax revenue table.
Heading 1220: Capital gains tax for resident companies and non-residents is collected at the federal level while capital gains tax for individuals is collected at the state level.
Heading 2000: The Pension Reform Act was passed in 2004 and mandated both employees and employers to contribute 7.5% each to the pension retirement savings account. However, in 2014 there was an amendment after which the employee was mandated to contribute 8% while the employer contributed a minimum of 10% thereby bringing the total contribution to at least 18%. For the years up to and including 2014, therefore, 50% of social security contributions are reported under heading 2110 and the other half under heading 2210. Starting in 2015, 4/9 of total pension contributions are reported under heading 2110 and 5/9 of total pension contributions are reported under heading 2210.
Heading 3000: For the first time in this edition, this heading includes a 1% payroll tax used to fund the Industrial Training Fund. In previous editions, this heading included contributions to the National Housing Fund, which are now classified as personal income taxes.
Heading 5211: Road Taxes, or taxes charged on the issuance of motor vehicle licenses, are collected at the state level.
Heading 5213: This heading contains taxes collected under the Pre-operational Levy. This is a tax charged each year to companies that, more than 18 months after being registered, still have not commenced operations.
Heading 6000: Other state taxes include stamp duties, capital gains taxes, business premise registration, Land Use Charge, market taxes, and levies that are collected by state governments.
"Revenue from oil" refers to government share of revenues from revenue sharing agreements with oil and exploration companies. "Revenue from fees and licenses" refers to government fees collected in exchange for granting Oil Prospecting Licenses (OPL) and Oil Mining Leases (OML).
"Revenue from royalties" includes royalties charged to oil and mineral exploration companies.
Miscellaneous and unidentified revenue includes some revenues from dividends and issued profits from state-owned enterprises.
Local Government Area (LGA) revenues are a mixture of tax and non-tax revenues.