Nigeria

Country profiles
Country profiles

Nigeria

  • Corporate Tax Haven Index ranking: N/A
  • Financial Secrecy Index ranking: 34
  • Tax loss each year to tax havens: $10,825,786,952
  • Tax loss inflicted on other countries: $112,521,003

Country profile

Tax abuse losses

$10,825,786,952

lost in tax every year to global tax abuse

$10,576,472,971

lost to tax avoidance committed by multinational corporations

$249,313,980

lost to tax evasion committed by private individuals

  • Equivalent to 2.40% tax revenue (GDP in 2020 : $450,704,867,674 trillion)
  • Equivalent to loss of $57 per member of population (Population: 189,984,943.06)
  • Greater than Global Average GDP Loss 0.53%
  • Greater than Regional Average GDP Loss 1.07%

Global Rankings

Corporate Tax Haven Index 2019
#N/A

Global Rank (First is Worst)

N/A/100

Haven Score (100 is Worst)

N/A

Share of global tax havenry

Financial Secrecy Index 2020
#34

Global Rank (First is Worst)

70.15/100

Haven Score (100 is Worst)

1.02%

Share of global tax secrecy

Harm to other countries

$112,521,003

in tax lost by other countries

$112,521,003

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.03% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
8,920 nurses

Social impact of lost tax

Tax loss equivalent to 472.87% of health budget
Tax loss equivalent to N/A of education spendings
Suffered tax loss equivalent to paying yearly salaries of
3,532,455 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Inward FDI
Vulnerable Score for this channel is 63.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Netherlands (30.4%)
Bermuda (16.8%)
France (8.7%)

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