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.]