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% |
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, Plurinational State of 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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % 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.