Nigeria Economy | |
Nigeria Economy | |
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Tuesday, January 22, 2019 05:30 PM / NBS
The Federation Account Allocation Committee (FAAC) disbursed the sum of N2.38trn to the Federal Government of Nigeria in 2017 while states received a total of N1.79trn within the period under review.
The amount disbursed to the FGN comprised of N2.12trn as Gross Statutory Allocation, N139.39bn as Valued Added Tax (VAT), N32.74bn as NNPC refund to FG and the distribution of N24.24bn from the FOREX equalisation fund.
Akwa Ibom and Rivers States received the highest
allocation of N143.61bn and N119.63bn respectively in 2017 while Osun and Cross
River States received the least allocation of N10.44bn and N23.45bn in that
order.
Click
Here to Download 2017 FAAC Disbursement Series PDF Report
Latest 2019 NBS Reports
Q1 2019
1.
FAAC
Disburses N812.76bn in December 2018 - NBS
2.
Average
Price of 1kg of Tomato Decreased By -7.76% MoM To N294.36
3.
Average
Within City Bus Journey Fare Decreased By -5.64% MoM To N181.61
4.
Headline
Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher Than November
2018 Rate
5.
Average
Prices of PMS, AGO, HHK and Cooking Gas – December 2018
Latest 2018 NBS Reports
Q4 2018
1.
Average Prices of PMS, AGO, HHK and Cooking Gas –
December 2018
2.
N273.50bn Generated as VAT in Q3 2018 - NBS
3.
FAAC Disburses N698.71bn in October 2018 - NBS
4.
NBS Publishes 2017 Social Statistics Report
5. All Region Terms of Trade Index Rose Marginally By
0.10% - NBS
6. FAAC
Disburses N788.14bn in November 2018 - NBS
7. Average Price
of 1kg of Tomato Increased By 2.79% YoY to N294.36 in November 2018 - NBS
8. Average
Intercity Fare Decreased By -1.54% MoM to N1790.14 in November 2018 - NBS
9. Average
Prices of PMS, AGO, HHK and Cooking Gas – November 2018
10. Unemployment
Rate Rises to 23.1% in Q3 2018 from 18.8% in Q3 2017
11. Headline Inflation Increases By
11.28% YoY in November 2018; 0.02% Higher Than October 2018 Rate
12. Total Value
of Capital Imported Into Nigeria Stood At $2,855.21m in Q3 2018
13. Nigeria’s
Merchandise Trade Rose Significantly in Q3, 2018
14. Nigeria’s GDP
Grew By 1.81% YoY in Real Terms in Q3 2018 From 1.50% in Q2 2018
15. An Average of
78,917MWh of Power Generated in Q3 2018 - NBS
16. Banking
Sector Records 5.29bn Volume of Transactions in Q3 2018 - NBS
17. 4.37bn Litres
of PMS Imported into Nigeria in Q3 2018 - NBS
18. States
Generate N579.49bn as IGR in H1 2018 - NBS
19. FAAC
Disburses N741.84bn in September 2018 - NBS
20. Average Intercity Bus Fare
Increased By 0.24% MoM - NBS
21. Average Prices of PMS, AGO, HHK
and Cooking Gas – October 2018
22. Headline
Inflation Moderates To 11.26% (YoY) in October 2018; 2bps Lower Than September
2018
23. NBS Publishes
11 States Nominal GDP from 2013 to 2017
24. Average Price
of 1kg of Yam Tuber Decreased by 4.3% MoM to N280.28 in September 2018 - NBS
25. Average Airfare Paid by
Passengers Increased by 0.15% MoM to N32,378.92 - NBS
26. Headline
Inflation Increased by 11.28% in September 2018; 0.05 Higher Than August 2018
Rate
27. Average Prices of PMS, AGO, HHK
and Cooking Gas – September 2018
28. NBS Publishes 2016 Human
Development Indices for UNDP Nigeria Human Development Report