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According to this, http://www.thisdaylive.com/index.php/2016/06/18/wsj-nigerias-cost-of-oil-production-now-worlds-3rd-most-expensive/ http://www.thisdaylive.co
by danjoc 9y ago
According to this,
http://www.thisdaylive.com/index.php/2016/06/18/wsj-nigerias-cost-of-oil-production-now-worlds-3rd-most-expensive/ http://www.thisdaylive.com/index.php/2016/06/18/wsj-nigerias...
Nigeria charges $4.11 per barrel in taxes. So I guess they get that $4B in tax revenue. 1.9% of oil tax revenue is not negligible, but I would think Nigeria would have more national pride than accept. Like Bolivia with Bill Gate's chickens.
Anyway, by GDP, Nigeria is 27,
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...
- yipopov 9y agoThere's far more tax revenue than from just the oil itself. All the labour and equipment used for drilling is taxable too. Nigeria has no excuses.