Statutory corporate income tax rate in Nigeria
Nigeria: Statutory corporate income tax rate was 30.0% in 2018. ▬ Flat
Statutory corporate income tax rate in Nigeria, 2000–2018
Source: OECD (2019) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for statutory corporate income tax rate in Nigeria is 30.0%, measured in 2018. That is the highest value across all 19 years on record.
Compared with earlier readings it is unchanged over ten years.
Over the whole period, statutory corporate income tax rate in Nigeria peaked at 30.0% in 2000 and was at its lowest, 30.0%, in 2000.
Nigeria ranks 8th of 93 countries on this measure, in the top 10%.
Statutory corporate income tax rate in Nigeria, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 30.0% | — |
| 2001 | 30.0% | +0.0% |
| 2002 | 30.0% | +0.0% |
| 2003 | 30.0% | +0.0% |
| 2004 | 30.0% | +0.0% |
| 2005 | 30.0% | +0.0% |
| 2006 | 30.0% | +0.0% |
| 2007 | 30.0% | +0.0% |
| 2008 | 30.0% | +0.0% |
| 2009 | 30.0% | +0.0% |
| 2010 | 30.0% | +0.0% |
| 2011 | 30.0% | +0.0% |
| 2012 | 30.0% | +0.0% |
| 2013 | 30.0% | +0.0% |
| 2014 | 30.0% | +0.0% |
| 2015 | 30.0% | +0.0% |
| 2016 | 30.0% | +0.0% |
| 2017 | 30.0% | +0.0% |
| 2018 | 30.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.0% | 30.0% | 30.0% | 10 |
| 2010s | 30.0% | 30.0% | 30.0% | 9 |
Countries ranked near Nigeria
- 5 Brazil 34.0% compare
- 6 Monaco 33.3% compare
- 7 Portugal 31.5% compare
- 8 Angola 30.0% compare
- 8 Argentina 30.0% compare
- 8 Australia 30.0% compare
- 8 Gabon 30.0% compare
- 8 Kenya 30.0% compare
- 8 Mexico 30.0% compare
- 8 Montserrat 30.0% compare
- 8 Saint Vincent and the Grenadines 30.0% compare
- 8 Senegal 30.0% compare
- 8 Seychelles 30.0% 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 15.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9765 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,196 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 18.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,483 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.82 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.88 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is statutory corporate income tax rate in Nigeria?
- Statutory corporate income tax rate in Nigeria was 30.0% in 2018, according to OECD (2019) – processed by Our World in Data.
- What is the highest statutory corporate income tax rate recorded in Nigeria?
- The highest recorded value was 30.0% in 2000.
- What is the lowest statutory corporate income tax rate recorded in Nigeria?
- The lowest recorded value was 30.0% in 2000.
- How does Nigeria rank for statutory corporate income tax rate?
- Nigeria ranks 8th out of 93 countries with data for 2018.
- Is statutory corporate income tax rate rising or falling in Nigeria?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Nigeria data come from?
- The figures come from OECD (2019) – processed by Our World in Data, published as part of Statutory corporate income tax rate. Statizoid updates them automatically from the source API.
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About this data
Estimates correspond to the combined rates for central and sub-central government levels (i.e. central government corporate tax rate, less deductions for sub-national taxes, plus sub-central corporate tax rate). Figures correspond to the standard rate that is not targeted at particular industries or income types. The top marginal rate is reported if the corporate tax system is progressive.