FAAC Disburses N635.55bn in February 2018 - NBS

Thursday, March 29, 2018 /06:45 PM / NBS 

The Federation Account Allocation Committee (FAAC) disbursed the sum of N635.55bn to the three tiers of government in February 2018 from the revenue generated in January 2018. 

The amount disbursed comprised of N538.91bn from the Statutory Account and N96.65bn from Valued Added Tax (VAT). 

Federal government received a total of N263.28bn from the N635.55bn shared. States received a total of N172.87bn and Local governments received N129.99bn. The sum of N52.04bn 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 N4.08bn, N6.29bn and N4.47bn respectively as cost of revenue collections. 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N223.42bn was disbursed to the FGN consolidated revenue account; N4.73bn shared as share of derivation and ecology; N2.37bn as stabilization fund; N7.95bn for the development of natural resources; and N5.62bn to the Federal Capital Territory (FCT) Abuja. 

Click Here to Download February 2018 FAAC (PDF) Report 



Latest 2018 NBS Reports

Q1 2018

1. Lagos State Has The Highest Domestic and Foreign Debts as at December 2017 - NBS
2. States Generate N931.23bn as IGR in 2017 - NBS
3. Average Air Fare Increased by 1.47% MoM in February 2018 - NBS
4. Average Price of 1kg of Yam Tuber Increased by 7.10% YoY in February 2018 - NBS
5. Headline Inflation Drops to 14.33% in February 2018; 0.8% Lower Than January 2018 Rate
6. Average Prices of PMS, AGO, HHK and Cooking Gas – February 2018
7. Lagos, Abuja, Port Harcourt, Owerri and Kano Airports Served Over 92% of Total Passengers in Q4 2017
8. 4,175 Ocean Going Vessels Recorded at Nigerian Ports in 2017
9. Total Value of Capital Imported into Nigeria in Q4 2017 Estimated at $5,382.89m - NBS
10. Nigeria’s GDP Grows in Real Terms by 1.92% in Q4 and 0.83% for Full Year 2017
11. FAAC Disburses N655.18bn in January 2018 – NBS
12. N254.10bn Generated as VAT in Q4 2017 – NBS
13. Total Active Voice Subscription Increased by 3.69% in Q4 2017 – NBS
14. 18.36bn Litres of PMS Distributed State-wide in 2017 – NBS
15. 5.84m Students Enrolled in Junior Secondary Schools in 2016 - NBS
16. 2,489 Road Traffic Crashes Occurred in Q4 2017 - NBS
17. Average Air Fare Increased by 7.34% YoY in January 2018 - NBS
18. Headline Inflation Drops to 15.13% in January 2018; 0.24% Lower Than 15.37% December Rate
19. Average Prices of PMS, AGO, HHK and Cooking Gas – January 2018
20. 7.82m Workers Are Registered Under the Pension Scheme as at Q4 2017 - NBS
21. Daily Energy Generation Attained a Peak of 94,627MWh in Q4 2017 - NBS
22. Banking Sector Records 461.98m Volume of Transactions in Q4 2017 - NBS
23. 77.5m Persons Engaged in Some Sort of Economic Activities in Q3 2017 - NBS
24. Average Fare Paid by Passengers for Water Transport Increased by 6.05% MoM to N631.55 in Dec 2017
25. Average Price of 1kg of Yam Tuber Decreased by -3.67% YoY to N211.61 in December 2017 - NBS
26. Headline Inflation Drops to 15.37% in December 2017; 0.53% Lower Than 15.90% November Rate
27. Average Prices of PMS, AGO, HHK and Cooking Gas – December 2017
28. Active Voice Subscribers Dropped by 8.73% in Q3 2017 – NBS
29. Inequality in Nigeria Worsened Between 2004 and 2013 But Improved in 2016 – NBS
30. FAAC Disburses N609.96bn in December 2017 – NBS 

2017 NBS Reports

Q4 2017

1. FAAC Disburses N532.76bn in November 2017 - NBS
2. Unemployment Rate Rises to 18.8% in Q3 2017 from 16.2% in Q2 2017
3. Average Intercity Bus Fare Increased by 14.78% MoM in November 2017
4. Average Price of 1kg of Tomato Increased by 8.09% YoY in November 2017
5. Average Prices of PMS, AGO, HHK and Cooking Gas – November 2017
6. Headline Inflation Drops to 15.90% in November 2017; 0.01% Lower Than 15.91% October Rate
7. Banking Sector Records 213.69m Volume of Transactions in Q3 2017 - NBS
8. Nigeria’s Merchandise Trade Grew Marginally Q-on-Q But Significantly Y-on-Y in Q3 2017
9. 2,478 Road Traffic Crashes Recorded in Q3 2017 - NBS
10. States Generate N149.45bn as IGR in Q3 2017 - NBS
11. Total Value of Capital Imported into Nigeria in Q3 2017 Estimated at $4,145.1m - NBS
12. FAAC Disburses N558.08bn in October 2017 -NBS
13. GDP Grew by 1.40% in Q3’17 from 0.72% in Q2’17; 2nd Consecutive Quarter of Positive Growth
14. Average Motorcycle Fare per Drop Increased by 4.52% YoY in October 2017
15. Average Prices of PMS, AGO, HHK and Cooking Gas – October 2017
16. Headline Inflation Drops to 15.91% in October 2017, 0.07% Lower Than 15.98% September Rate
17. Average Price of 1kg of Yam Tuber Increased by 10.22% YoY in October 20
18. 596,792 Passengers Travelled Via the Rail System in Q2 2017 - NBS
19. 7.71m Workers Are Registered Under the Pension Scheme as at Q3 2017 - NBS
20. Daily Energy Generation Attained a Peak of 3,880MW in Q3 2017 - NBS
21. FAAC Disburses N637.70bn in September 2017 - NBS
22. GDP by Income and Expenditure Approach – Basic Price GDP Declined by 1.73% Real Term in Q4’16
23. N246.30bn Generated as VAT in Q2 2017 - NBS
24. Lagos State Has 7,396 Prison Inmates Population in 2016 - NBS
25. Average Prices of PMS, AGO, HHK and Cooking Gas - September 2017
26. Average Air Fare Increased by 31.31% YoY in September 2017
27. Average Price of 1kg of Yam Tuber Increased by 28.65% YoY in September 2017
28. CPI Drops to 15.98% in Sept 2017, 0.03% Lower Than 16.01% August Rate
29. Multiple Indicator Cluster Survey 2016-17
30. Pension Fund Asset under Management as at 31 December 2016 stood at N6,164.76bn - NBS
31. 835.58m Crude Oil Processed from 1997 to 2014
32. N701.85bn Gross Revenue Generated in July 2017 

Q3 2017

33. FAAC Disburses N467.85bn in August 2017 - NBS
34. Lagos Accounted for 74.8% of International Passenger Traffic in Q2 2017
35. Lagos State Has the Highest Foreign and Domestic Debts as at June 2017
36. CPI Drops to 16.01% in August 2017, 0.04% Lower Than 16.05% July Rate
37. Average Air Fare Increased by 32.75% YoY in August 2017
38. Average Prices of PMS, AGO, HHK and Cooking Gas - August 2017
39. Average Price of 1kg of Yam Tuber Increased by 53.98% YoY in August 2017
40. Nigeria’s Merchandise Trade Grew Marginally QoQ but Significantly YoY in Q2 2017
41. 2,287 Drug Abuse Convictions Secured in 2016 - NBS
42. Average Price of 1kg of Tomato Increased YoY by 15.65% in July 2017 - NBS
43. Average Prices of PMS, AGO, HHK and Cooking Gas - July 2017
44. Average Intercity Fare Increased YoY by 27.49% in July 2017 - NBS
45. CPI Drops to 16.05% in July 2017, 0.05% Lower Than 16.10% June Rate
46. Total Value of Capital Imported into Nigeria in Q2 2017 Estimated at $1,792.3m - NBS
47. FAAC Disburses N652.23bn in July 2017 - NBS
48. Active Voice Subscribers Dropped by 6.67% in Q2 2017 – NBS
49. Banking Sector Records 327.37m Volume of Transactions in Q2 2017 - NBS
50. 870,397 Candidates Sat for NECO in June and July 2016
51. 3,457 Nigerians Repatriated from Abroad in 2016 – NBS
52. Corruption in Nigeria - Bribery as Experienced by the Population
53. Nigeria Produced 656.8m Barrels of Crude Oil in 2016
54. 2,503 Road Traffic Crashes Recorded in Q2 2017 - NBS
55. Daily Energy Generation Attained a Peak of 4,079MW in Q2 2017 - NBS
56. 7.59m Nigerians Are Registered Under the National Pension Scheme as at Q2’17 - NBS
57. FAAC Disburses N462.36bn in June 2017 - NBS
58. NBS Annual Abstract of Statistics 2016
59. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - June 2017
60. Average Intercity Transport Fare Decreases to N1,559.68 in Jun’17 from N1,565 in May’17
61. Average Price Of 1kg Of Yam Tuber Increased YoY by 32.84% in June 2017 -NBS
62. CPI Drops to 16.10% in June 2017, 0.15% Lower Than 16.25% May Rate 

Q2 2017

63. FAAC Disburses N418.82bn in May 2017 - NBS
64. GDP By Income and Expenditure Approach – Basic Price GDP Declines by 2.3% in Q3’16 - NBS
65. Average Price Watch of PMS, AGO, HHK and Cooking Gas - May 2017
66. Average Intercity Transport Fare Decreases to N1,5865. in May’17 from N1,587.04 in Apr’17
67. Average Price Of 1kg Of Yam Tuber Increased YoY by 52.69% in May 2017 - NBS
68. CPI Drops to 16.25% in May 2017, 0.99% Lower Than 17.24% April Rate
69. N204.77bn Generated as VAT in Q1 2017 - NBS
70. 125,790 Cases of Reported Offences Recorded in 2016 - NBS
71. Labour Productivity Rose to N684.43 in 2016 - NBS
72. Merchandise Trade Grew By 0.1% - Positive Trade Balance Due to Rising Exports & Falling Imports
73. Unemployment Rate Rises to 14.2% in Q4’16 from 13.9% in Q3’16 - NBS
74. Lagos Airport Accounted for 76.5% of International Passengers in Q1 2017 - NBS
75. FAAC Disburses N496.39bn in April 2017 - NBS
76. Banking Sector Records 304.31 mln Volume of Transaction in Q1 2017 - NBS
77. Total Value of Capital Imported into Nigeria in Q1 2017 Estimated at $908.27m - NBS
78. GDP Contracts by -0.52% in Q1’17 from -1.73% in Q4’16; 5th Consecutive Quarter of Contraction
79. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch – April 2017
80. Average Intercity Transport Fare Increases to N1,587.04 in Apr’17 from N1,466.46 in Mar’17
81. Average Prices of 1kg of Yam Tubber Increased by 42.45% YoY in April 2017
82. CPI Drops to 17.24% in April 2017, 0.02% Lower Than 17.26% March Rate
83. Lagos, Rivers Top IGR for Full Year 2016
84. Telecoms Subscribers Dropped by 1.33% in Q1 2017 - NBS
85. Nigeria Imports 4.05bn Litres of PMS in Q1 2017 - NBS
86. Lagos State has the highest domestic and foreign debt profile in 2016 - NBS
87. 2,556 Road Traffic Crashes Recorded in Q1 2017 - NBS
88. FAAC Disburses N466.93bn in March 2017
89. Daily Energy Generation Attained a Peak of 5,846 MW in Q1 2017 - NBS
90. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - March 2017
91. Average Intercity Transport Fare Increases to N1,466.46 in Mar’17 from N1,411.87 in Feb’17
92. Average Prices of 1kg of Yam Tubber Increased by 63.4% YoY in March 2017
93. CPI Drops to 17.26% in March 2017, 0.52% Lower Than 17.78% February Rate
94. 7.49m Nigerians Are Registered Under the National Pension Scheme As At Q1 2017 - NBS
95. Lagos Airport Accounted for 69.1% of International Passengers in 2016 - NBS 

Q1 2017

96. 11,363 Road Traffic Crashes Recorded in 2016 - NBS
97. FAAC Disburses N514.15bn in February 2017
98. FAAC Disburses N430.16bn in January 2017
99. Average Intercity Transport Fare Decreases to N1,411.87 in Feb’17 from N1430.63 in Jan’17
100. Average Price of 1kg of Rice Increased by 68% YoY in February 2017
101. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - February 2017
102. CPI Drops to 17.78% in February 2017, 0.94% Lower Than 18.72% January Rate
103. Nigeria Produced 43.49m Tons of Solid Minerals in 2016 - NBS
104. NIPOST Generates N8.84bn Revenue in 2016 - NBS
105. Q4 2016 Merchandise Trade Intensity - Total Trade Grows by 6.5% in 2016
106. Merchandise Trade Grows in Q4 2016 - Records First Quarterly Positive Trade Balance Since Q4 2015
107. GDP Contracts by -1.30% in Q4 and -1.51% for Full Year 2016; Is Nigeria on Its Way Out of Recession?
108. JAMB Received 11.7m Applications Between 2010 and 2016
109. Average Kerosene Price Increases to N433.84 in Jan'17 from N231.85 in Dec'16
110. Average Intracity Transport Fare Increases to N122 in Jan'17 from N84.29 in Dec'16
111. Average Cooking Gas Price Increases to N2,567.56 in Jan’17 from N2,002.16 in Dec’16
112. Average Diesel Price Increases to N240.52 in Jan’17 from N196.20 in Dec’16
113. Average Petrol Price Increases to N148.7 in Jan'17 from N146.7 in Dec'16
114. CPI Rises to 18.72% in January 2017, 0.17% Higher Than 18.55% December 2016 Rate
115. GENCOs Issued Total Invoice of N331bn to DISCOs in 2016
116. Nigeria Produced 5.79 mln Tonnes of Fish Between 2010 and 2015
117. 4,296 Applications Were Received by NAFDAC for New Products Registration in 2016 - NBS
118. 19,833 Vessels Berthed At Nigerian Ports Between 2013 and 2016 - NBS
119. Total Value of Capital Imported into Nigeria in Q4 2016 Estimated at $1,548.88mln - NBS
120. Telecoms Sector Contributes N1,399bn to GDP in Q3 2016 - NBS
121. FAAC Disburses N426.88bn in December 2016 - NBS
122. Banking Sector Records 910.18m Volume of Transaction in 2016 on Electronic Payment Channels - NBS
123. Daily Energy Generation Attained a Peak of 3,859.59MW in Q4 2016 - NBS
124. 10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS
125. Nigeria Imports 4.83 bn Litres of PMS in Q4 2016 - NBS
126. 72.53% of Nigeria’s Prison Population in 2015 were Un-sentenced - NBS
127. Lagos, Ogun Top IGR for H1 2016