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Text File  |  1991-06-22  |  4KB  |  58 lines
  1. $Title{Table 7.: Federal Government Recurrent Revenue, Selected Fiscal Years 1970-71 to 1979-80 (in millions of naira and percent)}
  2.  
  3. __________________________________________________________________________________________
  4.                                                                                  Estimated
  5.                                                  Actual                 Revised    Final
  6.                                    __________________________________   _______   _______
  7.                                    1970-71  1973-74  1975-76  1977-78   1978-79   1979-80
  8. __________________________________________________________________________________________
  9. Oil Revenue
  10.   Petroleum profits tax ..........   133      1,127    3,240    4,404     3,034    8,009
  11.   Mining rents and royalties .....    64        334    1,372    1,561     1,251    3,353
  12.                                    _____     ______   ______  _______   _______  _______
  13.    Subtotal ......................   197      1,461    4,612    5,965     4,285   11,362
  14.  
  15. Other Revenue
  16.   Import duties ..................   231        300      705    1,059       980      875
  17.   Excise duties ..................   132        202      122      179       252      543
  18.   Company income and other
  19.    taxes .........................   106         95      184      555       515      563
  20.   Non-tax revenue ................    90        113      210      312       330      463
  21.                                    _____     ______    ______   _____     _____    ______
  22.    Subtotal ......................   559        710    1,221    2,105     2,077    2,444
  23. __________________________________________________________________________________________
  24.    TOTAL CURRENT
  25.     REVENUE ......................   756      2,171    5,833    8,070     6,362   13,806
  26. __________________________________________________________________________________________
  27. Statutory Allocation to State
  28.   Governments ....................  (246)      (324)    (963)  (1,796)   (1,637)  (3,657)
  29. Statutory Allocation to Local
  30.   Governments ....................    0          0        0       0        (150)    (344)
  31. Federal Government Retained
  32.   Revenue ........................  (510)    (1,847)  (4,870)  (6,274)   (4,575)  (9,805)
  33. __________________________________________________________________________________________
  34. Percent
  35. Oil Revenue
  36.   Petroleum profits tax ..........  17.6       51.9     55.2     54.6      47.7     58.0
  37.   Mining rents and royalties .....   8.5       15.4     25.9     19.3      19.1     24.3
  38.                                    _____     ______   ______   ______     _____   ______
  39.    Subtotal ......................  26.1       67.3     79.1     73.9      66.8     82.3
  40.  
  41. Non-oil Revenue
  42.   Import duties ..................  30.6       13.8     12.1     13.1      15.3      6.4
  43.   Excise duties ..................  17.5        9.3      2.1      2.2       4.8      3.9
  44.   Company income and other
  45.    taxes .........................  14.0        4.4      3.1      6.9       8.0      4.1
  46.   Non-tax revenue ................  11.9        5.2      3.6      3.9       5.1      3.3
  47.                                    _____     ______    _____    _____     _____    _____
  48.    Subtotal ......................  73.9      32.7      20.9     26.1      33.2     17.7
  49. __________________________________________________________________________________________
  50.    TOTAL CURRENT
  51.     REVENUE ...................... 100.0     100.0     100.0    100.0     100.0    100.0
  52. __________________________________________________________________________________________
  53. Statutory Allocations to State and
  54.   Local Governments .............. (32.5)    (14.9)    (16.5)   (22.3)    (28.1)   (29.0)
  55. Federal Government Retained
  56.   Revenue ........................ (67.5)    (85.1)    (83.5)   (77.7)    (71.9)   (71.0)
  57. __________________________________________________________________________________________
  58.