Taxation and State Participation in Nigeria's Oil and Gas Sector

Oil and gas are critical to Nigeria's economic and social performance. Oil alone accounts for 40 percent of the country's GDP, 70 percent of budget revenues, and 95 percent of foreign exchange earnings. Nigeria's dependence on petroleum is much greater than that of many other major producing countries. 2. Taxation and state participation are both designed to deliver benefits from the petroleum sector to the state and are the subject of this report. This report is based on Bank staff missions to Nigeria in January and July 2000. Principal conclusions and recommendations are also included in this report.

Bibliographic Details

Main Author:	World Bank
Format:	ESMAP Paper biblioteca
Language:	English en_US
Published:	Washington, DC 2004-08
Subjects:	ACCELERATED DEPRECIATION, AUDITS, BID, CAPACITY BUILDING, CAPITAL COSTS, CAPITAL GAINS, CENTRAL BANK, COMPARATIVE ADVANTAGES, CORPORATE INCOME TAX, COST OF CAPITAL, COSTS, DEVELOPING COUNTRIES, DEVELOPMENT PROJECTS, ECONOMIC DEVELOPMENT, ECONOMIC RENT, ECONOMICS, ENVIRONMENTAL COSTS, ENVIRONMENTAL DEGRADATION, EVASION, EXCISE TAXES, EXPECTED RETURNS, EXPENDITURES, EXPORTS, GDP, GDP PER CAPITA, GROSS DOMESTIC PRODUCT, INCOME, INFLATION, INNOVATION, INTEREST COSTS, INTERNATIONAL COMPETITIVENESS, INVESTMENT CREDIT, INVESTMENT MANAGEMENT, INVESTOR CONFIDENCE, ITC, LICENSES, MARGINAL TAX RATES, MINING, OIL, OIL PRICES, OIL RESERVES, OIL SECTOR, OPEC, PETROLEUM, PRICE FLUCTUATIONS, PRICE LEVELS, PRODUCERS, PRODUCTION, PRODUCTION ACTIVITIES, PROFIT SHARING, PROFITABILITY, PROGRESSIVE TAXES, PROSPECTING, PROVISIONS, PUBLIC EXPENDITURE, PUBLIC FUNDS, RATE OF RETURN, REVENUE SHARING, SANITATION, SOCIAL COSTS, TAX, TAX BASE, TAX POLICY, TAX RELIEF, TAX REVENUES, TAX SYSTEM, TAX SYSTEMS, TAXATION, UNCERTAINTY, VENEZUELA, WEALTH,
Online Access:	http://documents.worldbank.org/curated/en/2004/08/5539607/taxation-state-participation-nigerias-oil-gas-sector http://hdl.handle.net/10986/18078
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