FAAC Disburses N2.93trn to FG in 2019 - NBS

Thursday, March 12, 2020  01:30 PM / NBS/ Header Image Credit:  NBS

The Federation Account Allocation Committee (FAAC) disbursed the sum of N2.93trn to the Federal Government of Nigeria in 2019. The highest Net Allocation were disbursed in the months of July and September with 275.03bn and 266.49bn respectively while the least amount disbursed to the Federal Government of Nigeria in 2019 where in May and March with 219.51bn and 223.28bn in that order.

The total Net FAAC Allocation to State Governments stood at N2.47trn, Delta and Akwa Ibom States received the highest allocation of N219.28bn and N171.98bn respectively in 2019 while Osun and Cross River States received the least allocation of N24.22bn and N36.31bn in that order.

The total Net FAAC Allocation to Local Governments Councils stood at N1.64trn in 2019, Lagos and Kano States received the highest allocation of N104.97bn and N92.16bn respectively in 2019 while Bayelsa and Gombe States received the least allocation of N18.99bn and N23.80bn in respectively.

Click Here to Download 2019 FAAC Series PDF Report

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4. Nigeria's GDP Grew By 2.55% in Real Terms in Q4 2019 and 2.27% in Full Year 2019
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6. Average Prices Of PMS, AGO, HHK and Cooking Gas - January 2020
7. Headline Inflation Increases By 12.13% YoY In January 2020; 0.15% Higher Than December 2019 Rate
8. N293.80bn Generated as IGR in Q3 2019 - NBS
9. Nigeria's Total Public Debt Stood At N26.14trn in Q3 2019 - NBS
10. Average Intercity Fare Increases By 1.43% MoM To N1, 666.57 In December 2019
11. Average Price of 1kg of Tomato Decrease YoY by -2.80% To N263.90 In December 2019
12. All Commodity Group Index Grew By 2.48% in Q3 2019
13. Average Prices Of PMS, AGO, HHK and Cooking Gas - December 2019
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