Sources of revenue to federal government Nigeria?

1. Crude Oil: Nigeria is an oil-rich country, and crude oil sales are the primary source of revenue for the federal government. The country is a member of the Organization of the Petroleum Exporting Countries (OPEC) and has a daily production quota set by the organization. Although oil revenues can be volatile due to fluctuations in global oil prices, they remain a significant contributor to the federal budget.

2. Value-Added Tax (VAT): VAT is a consumption tax levied on goods and services sold within the country. It is collected by the Federal Inland Revenue Service (FIRS) at a standard rate of 7.5%. VAT contributes substantially to the federal government's non-oil revenue.

3. Company Income Tax: Companies operating in Nigeria are subject to income tax, which is charged on their net profits. The tax rate varies based on the company's status and industry, but generally ranges between 30% to 35%.

4. Customs and Excise Duties: The Nigeria Customs Service collects customs and excise duties on imported goods and excisable products produced locally. These duties are imposed for both revenue generation and to protect local industries from foreign competition.

5. Personal Income Tax: Personal income tax is levied on the salaries and wages of individuals residing or working in Nigeria. The tax is calculated on a progressive scale, with higher income earners paying a higher tax rate.

6. Stamp Duties: Stamp duties are levied on various legal documents, such as contracts, deeds, and agreements. The rate of stamp duty varies based on the type of document and its value.

7. Royalties and Mining Leases: The federal government receives royalties and mining leases from companies engaged in mining activities, such as the extraction of minerals and solid mineral resources.

8. Dividends from Government-Owned Enterprises: Government-owned enterprises (GOEs) contribute to the federal government's revenue through dividends paid on their profits. These enterprises operate in various sectors, including oil and gas, telecommunications, and financial services.

9. Surcharges: The federal government may impose surcharges as additional revenue measures on specific goods or services. For instance, there is a surcharge on luxury goods and a surcharge on telecommunication services.

10. Grants and Aids from International Organizations: Nigeria receives grants and aids from international organizations, including multilateral development banks and donor countries, for specific development projects and programs. These funds are often tied to specific conditions set by the donor.

It's worth noting that the federal government's revenue base is continually evolving, and new revenue sources may emerge over time. The government also makes efforts to diversify its revenue streams to reduce reliance on a single source and ensure sustainable fiscal stability.