OIL REVENUE IN NIGERIA

The Nigerian central government gains (and gained) a lot of its revenue from oil companies which pay a charge for the petroleum they ship out of Nigeria.  This table shows the percentage of total government  revenue which comes from these charges on oil.

                            Year                    Percentage
                            1958-59                      .08  
                            1962-63                    7.31
                            1966-67                  18.26
                            1970-71                  25.99
                            1974-75                  80.81
                            1978-79                  66.30
                            1982-83                  67.00
                            1986-87                  75.80
                            1989-90*                97.24

    *Last year of information on the source. 

[Adapted from data in Eghosa E. Osaghae, Crippled Giant  Nigeria Since Independence (Bloomington:  Indiana University Press, 1998), p. 20.]

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