Effective tax rates: Corporate tax statistics … Effective average in Nigeria
Nigeria: Effective tax rates: Corporate tax statistics … Effective average was 40.56 Percentage of taxable income in 2025. ▲ Rising
Effective tax rates - Corporate tax statistics — Effective average in Nigeria, 2017–2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
Nigeria recorded 40.56 Percentage of taxable income for effective tax rates - corporate tax statistics — effective average in 2025. That is the highest value across all 9 years on record.
That represents a change of up 0.6% on the previous year and up 42.7% over ten years.
Over the whole period, effective tax rates - corporate tax statistics — effective average in Nigeria peaked at 40.56 Percentage of taxable income in 2025 and was at its lowest, 28.42 Percentage of taxable income, in 2017.
Nigeria ranks 8th of 99 countries on this measure, in the top 10%.
Effective tax rates: Corporate tax statistics … Effective average in Nigeria, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2017 | 28.42 Percentage of taxable income | — |
| 2018 | 29.43 Percentage of taxable income | +3.6% |
| 2019 | 30.44 Percentage of taxable income | +3.5% |
| 2020 | 32.44 Percentage of taxable income | +6.5% |
| 2021 | 33.17 Percentage of taxable income | +2.3% |
| 2022 | 35.72 Percentage of taxable income | +7.7% |
| 2023 | 37.94 Percentage of taxable income | +6.2% |
| 2024 | 40.32 Percentage of taxable income | +6.3% |
| 2025 | 40.56 Percentage of taxable income | +0.6% |
Nigeria compared with similar countries
- Nigeria's 40.56 Percentage of taxable income is above the median for lower middle income countries, which is 31.88 Percentage of taxable income, 1.3× the median. (16 countries reporting)
- Nigeria's 40.56 Percentage of taxable income is above the median for Sub-Saharan Africa, which is 34.08 Percentage of taxable income, 1.2× the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 29.43 Percentage of taxable income | 28.42 Percentage of taxable income | 30.44 Percentage of taxable income | 3 |
| 2020s | 36.69 Percentage of taxable income | 32.44 Percentage of taxable income | 40.56 Percentage of taxable income | 6 |
Countries ranked near Nigeria
- 5 Bolivia 48.22 Percentage of taxable income compare
- 6 Papua New Guinea 44.83 Percentage of taxable income compare
- 7 Peru 43.48 Percentage of taxable income compare
- 9 Brazil 39.98 Percentage of taxable income compare
- 10 Azerbaijan 36.53 Percentage of taxable income compare
- 11 Jamaica 35.9 Percentage of taxable income compare
More economy & growth data for Nigeria
- Real gdp growth, annual growth rate 22.77 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.99 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0148 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 18.13 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.9704 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 13.24 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -17.26 % change on previous year (2025)
Frequently asked questions
- What is effective tax rates - corporate tax statistics — effective average in Nigeria?
- Effective tax rates - corporate tax statistics — effective average in Nigeria was 40.56 Percentage of taxable income in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest effective tax rates - corporate tax statistics — effective average recorded in Nigeria?
- The highest recorded value was 40.56 Percentage of taxable income in 2025.
- What is the lowest effective tax rates - corporate tax statistics — effective average recorded in Nigeria?
- The lowest recorded value was 28.42 Percentage of taxable income in 2017.
- How does Nigeria rank for effective tax rates - corporate tax statistics — effective average?
- Nigeria ranks 8th out of 99 countries with data for 2025.
- Is effective tax rates - corporate tax statistics — effective average rising or falling in Nigeria?
- Over the last ten years it is up 42.7%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Effective tax rates - Corporate tax statistics — Effective average tax rate. Statizoid updates them automatically from the source API.
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About this data
This table reports synthetic tax policy indicators calculated on the basis of a prospective, hypothetical investment project. Unlike backward-looking ETRs, they do not incorporate any information about firms' actual tax payments.The OECD methodology has been described in detail in the OECD Taxation Working Paper No. 38 (Hanappi, 2018). Further methodological information is available in the explanatory annex.