Nigeria made $6.175 billion taxing private companies in 2022

N2.83 trillion ($6.175 billion) or 116% more than the prior year was collected in corporation income tax (CIT) by the federal government of Nigeria in 2022. The National Bureau of Statistics (NBS) of the nation made this known in its most recent CIT report for the fourth quarter (Q4) of 2022. Nigeria's finances have found it difficult to finance its budget due to weak income collection, which has forced the nation to turn to debt acquisition.