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 petr...

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Main Author:	World Bank
Format:	ESMAP Paper
Language:	English en_US
Published:	Washington, DC 2014
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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recordtype	oai_dc
spelling	okr-10986-180782021-04-23T14:03:38Z Taxation and State Participation in Nigeria's Oil and Gas Sector World Bank 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 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. 2014-04-25T20:44:52Z 2014-04-25T20:44:52Z 2004-08 http://documents.worldbank.org/curated/en/2004/08/5539607/taxation-state-participation-nigerias-oil-gas-sector http://hdl.handle.net/10986/18078 English en_US Energy Sector Management Assistance Programme (ESMAP) Technical paper;no. ESM 057 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: ESMAP Paper Publications & Research Africa Nigeria
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	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
spellingShingle	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 World Bank Taxation and State Participation in Nigeria's Oil and Gas Sector
geographic_facet	Africa Nigeria
relation	Energy Sector Management Assistance Programme (ESMAP) Technical paper;no. ESM 057
description	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.
format	Publications & Research :: ESMAP Paper
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Taxation and State Participation in Nigeria's Oil and Gas Sector
title_short	Taxation and State Participation in Nigeria's Oil and Gas Sector
title_full	Taxation and State Participation in Nigeria's Oil and Gas Sector
title_fullStr	Taxation and State Participation in Nigeria's Oil and Gas Sector
title_full_unstemmed	Taxation and State Participation in Nigeria's Oil and Gas Sector
title_sort	taxation and state participation in nigeria's oil and gas sector
publisher	Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2004/08/5539607/taxation-state-participation-nigerias-oil-gas-sector http://hdl.handle.net/10986/18078
_version_	1764437239041884160

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

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