Nigeria Economy | |
Nigeria Economy | |
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Friday, April 12, 2019 07:00 PM / NBS
The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.86bn to the three tiers of government in March 2019 from the revenue generated in February 2019.
The amount disbursed comprised of N474.42bn from the Statutory Account, N96.39bn from Valued Added Tax (VAT), N4.02bn as excess bank charges recovered, N44.17bn distributed as FOREX Equalisation Fund and N858.46mln exchange gain differences.
Federal Government received a total of N257.68bn from the N619.86bn. States received a total of N169.93bn and Local Governments received N127.72bn. The sum of N50.95bn 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 N3.91bn, N6.49bn and N3.19bn respectively as cost of revenue collections.
Further breakdown of revenue allocation distribution
to the Federal Government of Nigeria (FGN) revealed that the sum of N203.04bn
was disbursed to the FGN consolidated revenue account; N4.63bn shared as share
of derivation and ecology; N2.31bn as stabilization fund; N7.77bn for the
development of natural resources; and N5.52bn to the Federal Capital Territory
(FCT) Abuja.
Click
Here to Download March 2019 FAAC PDF Report
Latest 2019 NBS Reports
Q2 2019
1.
Domestic
Passenger Traffic Grew By 23.19% YoY in 2018 - NBS
2.
Lagos
State Has The Highest Debt Profile in 2018 - NBS
3.
1.65m
Applications Received By JAMB in 2018 - NBS
4.
FAAC
Disburses N660.37bn in February 2019
5.
Nigeria
Produced 55.81m Tonnes of Solid Minerals in 2018 - NBS
Q1 2019
6.
8.41m Workers Are Registered
Under The Pension Scheme As At Q42018 - NBS
7.
Average Price of 1kg of Yam
Tuber Decreased By -2.24% MoM to N206.48 in February 2019 - NBS
8.
All Region Terms of Trade Fell
-2.78% Due to a Fall in the Prices of Goods Traded in Africa - NBS
9.
Average Fare Paid By Commuters
Within City Increased By 1.43% MoM to N177.57 in February 2019 - NBS
10. Headline Inflation Increases By
11.31% YoY in February 2019; 0.06% Lower Than January 2019 Rate
11.
Average Prices of PMS, AGO, HHK
and Cooking Gas – February 2019
12. Active Voice Subscribers Grew
By 6.66% in Q4 2018 - NBS
13. 2,532 Road Traffic Crashes
Occurred in Q4 2018 - NBS
14. Total Trade Declined By 5.1%
QoQ in Q4 2018; Rose By 42.9% YoY
15.
GDP By Income and Expenditure Approach Q1 and Q2 2018 - Household Final
Consumption Grew by 0.78%
16. 1.67m Customers Metered As At Q4 2018 - NBS
17.
N298.01bn
Generated as VAT in Q4 2018 - NBS
18. Total Value of Credit Allocated By Banks Stood At N15.13trn As At Q4 2018
- NBS
19. Average Price
of 1kg of Tomato Decreased By 2.39% YoY To N265.49 in January 2019 - NBS
20. FAAC Disburses N649.19bn in January 2019
21. Average Intercity Bus Fare Decreased By -13.90% MoM To N1,541.38 in
January 2019
22. Headline
Inflation Increases By 11.37% YoY in January 2019; 0.07% Lower Than December
2018 Rate
23. Average Prices of PMS, AGO, HHK and Cooking Gas – January 2019
24. Total Value of Capital Importation into Nigeria Stood at $16,812.47m in
2018 – NBS
25. Nigeria’s GDP Grew By 2.38% YoY in Real Terms in Q4 2018 and 1.93% in
Full Year
26. 828,502 Employees Employed By 1,110 Registered Private Guard Companies in
2018 - NBS
27. States Generate N264.38bn as IGR in Q3 2018 - NBS
28. NBS Publishes Drug Use in Nigeria 2018 Survey Report
29. FAAC Disburses N3.19trn To FG in 2018 - NBS
30. FAAC Disburses N2.38trn To FG in 2017 - NBS
31. FAAC Disburses N812.76bn in December 2018 - NBS
32. Average Price of 1kg of Tomato Decreased By -7.76% MoM To N294.36
33. Average Within City Bus Journey Fare Decreased By -5.64% MoM To N181.61
34. Headline Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher
Than November 2018 Rate