Tax - Page 2 - Intelpoint

Export values have grown over 400%, rising from ₦11.8 trillion in 2013 to a peak of ₦55.3 trillion in 2024, a fivefold increase driven by rising oil prices and a weaker naira.
2015 and 2016 were the hardest years, with export values crashing as low as ₦6.8 trillion in 2015, reflecting the brutal impact of the global oil price collapse on Nigeria's most critical export.
The most explosive growth came from 2023 onwards, with values surging past ₦29 trillion in 2023 and peaking at ₦55.3 trillion in 2024, largely driven by the naira depreciation following Nigeria's 2023 foreign exchange reforms.
The first nine months of 2025 saw a slower pace than the previous year, with ₦37.7 trillion recorded between Q1 and Q3, lower than the ₦41.5 trillion recorded during the same period in 2024.

Local companies dominated CIT contributions in most years, accounting for over 50% of payments in 9 of 11 periods between 2015 and 2025 (Q1–Q3).
Foreign companies briefly closed the gap in 2023, contributing 49%, the closest they have come to matching local firms.
Local companies recorded their strongest share in 2021 at 65%, marking the widest gap between local and foreign contributors.
“Other payments” peaked during the pandemic, rising to 17% in 2020 before dropping to 0% from 2022 onward.

Local companies dominated CIT contributions in most years, accounting for over 50% of payments in 9 of 11 periods between 2015 and 2025 (Q1–Q3).
Foreign companies briefly closed the gap in 2023, contributing 49%, the closest they have come to matching local firms.p
Local companies recorded their strongest share in 2021 at 65%, marking the widest gap between local and foreign contributors.
“Other payments” peaked during the pandemic, rising to 17% in 2020 before dropping to 0% from 2022 onward.

Ogun has become Nigeria’s second-largest industrial centre, with major clusters in Ota, Sagamu, and Ifo.
Limestone mining triggered a boom in cement production and heavy industry.
Infrastructure-Enabled Expansion: strategic projects such as the Oyan Dam and the Agro-Cargo Airport supported industrial and demographic growth.
Rapid population growth, particularly from Lagos spillover, fuelled labour supply and urban development.

Nigeria has nine of the top ten highest-grossing cinemas in Anglophone West Africa.
Lagos hosts six of the top ten cinemas and leads the region in both revenue and admissions.
Silverbird Ikeja recorded the highest revenue (₦1.1 billion) and the highest admissions (217,000).
Cinema chains control all top ten positions, showing strong brand dominance across the region.

The South West hosts 82 of Nigeria’s 309 universities (27%), the largest share nationwide.
Ogun State alone accounts for 24 universities, nearly one in every three institutions in the South West.
The South West has 18 more universities than North Central (64), the second-highest zone.
The gap between the highest zone (82) and the lowest zone (21) is 61 universities, underscoring the regional imbalance.

The NFF’s allocation of ₦2.31 billion is under 1.1% of the total sports budget.
The National Sports Commission HQ gets the most, with ₦203.6 billion, over 96% of the total.
The National Institute for Sports is to receive ₦4.12 billion, highlighting minimal federal investment in sports development.
Budget heavily favours administration over football development and grassroots programs.

Lagos alone hosts 51 licensed cinemas, accounting for over half of all exhibition premises in the dataset.
The next three states—Ogun, FCT, and Rivers—combined have just 30 cinemas.
Only five states have five or more licensed cinemas, highlighting strong geographic concentration.
Several large states have two cinemas or fewer, pointing to limited formal exhibition infrastructure outside key urban hubs.

Nigeria extends its AFCON bronze medal wins to nine, the highest in men’s AFCON history, with another podium finish.
The win over Egypt highlights Nigeria’s resilience, turning late-stage setbacks into tangible success.
Bronze medals remain rare for most nations, with the majority appearing only once or twice in AFCON history.

Kogi entrepreneurs have the highest tax policy awareness in Nigeria (96.8%) in 2025.
Abia has the lowest awareness nationwide at just 1.4%.
Fewer than one-third of Nigerian states have awareness levels above 60%.
Major economic hubs like Lagos and Rivers have awareness below 50%.
Northern states dominate the top awareness rankings more than southern states.
Several states cluster around the 40–50% range, indicating partial reach.
States with low awareness risk lower compliance and higher friction during enforcement.
The gap between the highest and lowest states exceeds 95 percentage points, showing extreme disparity.

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