Total revenue in Nigeria
Nigeria: Total revenue was 2.39 trillion current LCU in 2008. ▲ Rising
Total revenue in Nigeria, 2004–2008
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files. Measured in current LCU.
Analysis
In 2008, total revenue in Nigeria stood at 2.39 trillion current LCU. That is the highest value across all 5 years on record.
The figure is up 41.5% on the previous year and up 145.1% over five years.
Nigeria ranks 6th of 30 countries on this measure, in the top quarter.
Total revenue in Nigeria, year by year
| Year | current LCU | Change |
|---|---|---|
| 2004 | 973.85 billion current LCU | — |
| 2005 | 1.38 trillion current LCU | +42.0% |
| 2006 | 1.54 trillion current LCU | +11.2% |
| 2007 | 1.69 trillion current LCU | +9.7% |
| 2008 | 2.39 trillion current LCU | +41.5% |
Nigeria compared with similar countries
- Nigeria's 2.39 trillion current LCU is above the median for Sub-Saharan Africa, which is 652.41 billion current LCU, 3.7× the median. (26 countries reporting)
- Nigeria's 2.39 trillion current LCU is above the median for lower middle income countries, which is 351.62 billion current LCU, 6.8× the median. (16 countries reporting)
Countries ranked near Nigeria
- 3 Algeria 5.90 trillion current LCU
- 4 Democratic Republic of Congo 4.03 trillion current LCU compare
- 5 Madagascar 3.26 trillion current LCU compare
- 7 Sierra Leone 2.17 trillion current LCU compare
- 8 Congo 1.33 trillion current LCU
- 9 Burkina Faso 1.05 trillion current LCU compare
More public sector data for Nigeria
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 3 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is total revenue in Nigeria?
- Total revenue in Nigeria was 2.39 trillion current LCU in 2008, according to International Monetary Fund, Government Finance Statistics Yearbook and data files.
- What is the highest total revenue recorded in Nigeria?
- The highest recorded value was 2.39 trillion current LCU in 2008.
- What is the lowest total revenue recorded in Nigeria?
- The lowest recorded value was 973.85 billion current LCU in 2004.
- How does Nigeria rank for total revenue?
- Nigeria ranks 6th out of 30 countries with data for 2008.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, Government Finance Statistics Yearbook and data files, published as part of Total revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue.