Nigeria Annual Government Revenue



Period Oil Revenue Non Oil Revenue Total Revenue
2019 5,536.66 4,725.60 10,262.30
2018 5,545.80 4,006.00 9,551.80
2017 4,109.80 3,335.20 7,445.00
2016 2,693.90 2,922.50 5,616.40
2015 3,830.10 3,082.41 6,912.50




Insight

The total federally collected revenue for the year ended 2019 stood at N10.26 trillion, 7.44% increase compared to N9.55 trillion generated in 2018 and 37.84% compared to N7.45 trillion in 2017.

Oil revenue dipped by 0.16% in 2019 from N5.55 trillion generated in 2018 to N5.54 trillion while Non-oil revenue stood at N4.73 trillion, 17.96% increase compared to N4.01 trillion recorded in 2018.

The decline in oil revenue was characterized by decline recorded in global oil prices.

Data source: Central Bank of Nigeria

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