Nigeria Economy | |
Nigeria Economy | |
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Wednesday, July 10 2019 08:00 AM / NBS
The Federation Account Allocation Committee (FAAC) disbursed the sum of N616.20bn to the three tiers of government in May 2019 from the revenue generated in April 2019.
The amount disbursed comprised of N518.92bn from the Statutory Account, N96.49bn from Valued Added Tax (VAT) and N797.11mln exchange gain differences.
Federal Government received a total of N253.92bn from the N616.20bn. States received a total of N168.06bn and Local Governments received N126.28bn. The sum of N46.35bn was shared among the oil producing states as 13% derivation fund.
Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Department of Petroleum Resources (DPR) received N5.38bn, N6.78bn and N3.12bn respectively as cost of revenue collections.
Further breakdown of revenue allocation distribution
to the Federal Government of Nigeria (FGN) revealed that the sum of N199.58bn
was disbursed to the FGN consolidated revenue account; N4.56bn shared as share
of derivation and ecology; N2.28bn as stabilization fund; N7.65bn for the
development of natural resources; and N5.44bn to the Federal Capital Territory
(FCT) Abuja.
Click Here to Download May 2019 FAAC PDF Report
Latest
2019 NBS Reports
Q3
2019
1.
Total
Value of Capital Importation into Nigeria Stood at $8,485.49m in Q1 2019
Q2 2019
2.
All
Commodity Group Export Price Index Rose By 1.85% In Q1 2019
3.
Average Price of 1kg of Rice
Increased By 1.07% MoM to N361.39 in May 2019 - NBS
4.
Average
Prices of PMS, AGO, HHK and Cooking Gas – May 2019
5. Headline
Inflation Increases By 11.40% YoY in May 2019; 0.03% Higher Than April 2019
Rate
6. 8.57m Workers
Are Registered Under The Pension Scheme As At Q1 2019 - NBS
7. Nigeria’s
Merchandise Trade Grew Marginally By 2.50% QoQ in Q1 2019
8. Banking Sector Records 557.08m
Volume of Transactions in Q1 2019 - NBS
9. 723,995 Passengers Travelled
Via Rail in Q1 2019 - NBS
10. NBS Publishes Additional 11
States Nominal GDP From 2013 to 2017
11.
N289.04bn Generated as VAT in Q1 2019 - NBS
12. 4.87bn Litres of PMS Imported in Q1 2019 - NBS
13. FAAC
Disburses N617.57bn in April 2019 - NBS
14. Average
Price of 1kg of Tomato Increased by 7.05% MoM to N257.25 in April 2019 - NBS
15. Average
Fare For Bus Journey Intercity Increased By 0.77% MoM to N1604.36 in April 2019
- NBS
16. Nigeria’s
GDP Grew By 2.01% YoY In Real Terms In Q1 2019
17. Headline
Inflation Increases By 11.37% YoY in April 2019; 0.12% Higher Than March 2019
Rate
18. Average
Prices of PMS, AGO, HHK and Cooking Gas – April 2019
19. N3.42m
Students Enrolled in Public Senior Secondary School in 2017 - NBS
20. N324.59bn
Generated as IGR in Q4 2018 - NBS
21. Akwa Ibom State Reports Highest Unemployment Rate of 37.7%
in Q3 2018 - NBS
22. 316,365kg of Drug Seized in 2018 -
NBS
23. Average Price of 1kg of Tomato
Decreased By 6.32% MoM to N240.29 in March 2019 - NBS
24. Average Fare Paid By Commuters
Intercity Increased By 2.85% MoM to N1,592.07 in March 2019 - NBS
25. Headline Inflation Increases By 11.25% YoY in March
2019; 0.06% Lower Than February 2019 Rate
26. Average Prices of PMS, AGO, HHK and Cooking Gas –
March 2019
27. FAAC Disburses N619.86bn in March 2019
28. Domestic Passenger Traffic Grew By 23.19% YoY in 2018
- NBS
29. Lagos State Has The Highest Debt Profile in 2018 -
NBS
30. 1.65m Applications Received By JAMB in 2018 - NBS
31. FAAC Disburses N660.37bn in February 2019
32. Nigeria Produced 55.81m Tonnes of Solid Minerals in
2018 - NBS
Q1 2019
33. 8.41m Workers Are Registered Under The Pension Scheme
As At Q42018 - NBS
34. Average Price of 1kg of Yam Tuber Decreased By -2.24%
MoM to N206.48 in February 2019 - NBS
35. All Region Terms of Trade Fell -2.78% Due to a Fall
in the Prices of Goods Traded in Africa - NBS
36. Average Fare Paid By Commuters Within City Increased
By 1.43% MoM to N177.57 in February 2019 - NBS
37. Headline Inflation Increases By 11.31% YoY in
February 2019; 0.06% Lower Than January 2019 Rate
38. Average Prices of PMS, AGO, HHK and Cooking Gas –
February 2019
39. Active Voice Subscribers Grew By 6.66% in Q4 2018 -
NBS
40. 2,532 Road Traffic Crashes Occurred in Q4 2018 - NBS
41. Total Trade Declined By 5.1% QoQ in Q4 2018; Rose By
42.9% YoY
42. GDP By Income and Expenditure Approach Q1 and Q2 2018
- Household Final Consumption Grew by 0.78%
43. 1.67m Customers Metered As At Q4 2018 - NBS
44. N298.01bn Generated as VAT in Q4 2018 - NBS
45. Total Value of Credit Allocated By Banks Stood At
N15.13trn As At Q4 2018 - NBS
46. Average Price of 1kg of Tomato Decreased By 2.39% YoY To
N265.49 in January 2019 - NBS
47. FAAC Disburses N649.19bn in January 2019
48. Average Intercity Bus Fare Decreased By -13.90% MoM
To N1,541.38 in January 2019
49. Headline Inflation Increases By 11.37% YoY in January
2019; 0.07% Lower Than December 2018 Rate
50. Average Prices of PMS, AGO, HHK and Cooking Gas –
January 2019
51.
Total Value of Capital Importation into Nigeria Stood
at $16,812.47m in 2018 – NBS
52. Nigeria’s GDP Grew By 2.38% YoY in Real Terms in Q4
2018 and 1.93% in Full Year
53. 828,502 Employees Employed By 1,110 Registered
Private Guard Companies in 2018 - NBS
54. States Generate N264.38bn as IGR in Q3 2018 - NBS
55. NBS Publishes Drug Use in Nigeria 2018 Survey Report
56. FAAC Disburses N3.19trn To FG in 2018 - NBS
57. FAAC Disburses N2.38trn To FG in 2017 - NBS
58. FAAC Disburses N812.76bn in December 2018 - NBS
59. Average Price of 1kg of Tomato Decreased By -7.76%
MoM To N294.36
60. Average Within City Bus Journey Fare Decreased By
-5.64% MoM To N181.61
61. Headline Inflation Increases By 11.44% YoY in
December 2018; 0.16% Higher Than November 2018 Rate
62. Average Prices of PMS, AGO, HHK and Cooking Gas –
December 2018