FAAC Disburses N679.7bn in June 2019 - NBS

Thursday, August 29, 2019  06:00 AM / NBS  

The Federation Account Allocation Committee (FAAC) disbursed the sum of N679.7bn to the three tiers of government in June 2019 from the revenue generated in May 2019. 

The amount disbursed comprised of N571.73bn from the Statutory Account, N106.83bn from Valued Added Tax (VAT) and N1.41bn exchange gain differences. 

Federal Government received a total of N284.16bn from the N679.70bn. States received a total of N187.61bn and Local Governments received N140.10bn. The sum of N40.44bn 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 N5.55bn, N11.03bn and N5.92bn respectively as cost of revenue collections. 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N227.44bn was disbursed to the FGN consolidated revenue account; N5.10bn shared as share of derivation and ecology; N2.55bn as stabilization fund; N8.57bn for the development of natural resources; and N6.09bn to the Federal Capital Territory (FCT) Abuja.

Click Here to Download June 2019 FAAC PDF Report

Latest 2019 NBS Reports 

Q3 2019

1.       N311.94bn Generated As VAT in Q2 2019 - NBS

2.      Average Fare Paid By Commuters For Intercity Journey Increased By 0.76% MoM in July 2019

3.      Average Prices of 1kg of Tomato Decreased YoY By -39.74% to N203.55 in July 2019 - NBS

4.      Average Prices of PMS, AGO, HHK and Cooking Gas – July 2019

5.      Headline Inflation Increases By 11.08% YoY in July 2019; 0.14% Lower Than June 2019 Rate

6.      5.61bn Litres of PMS Imported into Nigeria in Q2 2019 - NBS

7.      Average Fare Paid For Bus Journey Inter City Increased By 0.17% MoM to N1,606.92 in June 2019 - NBS

8.     Average Price of 1kg of Tomatoes Decreased By -9.40% MoM to N226.07 in June 2019 - NBS

9.      Nigeria’s Total Public Debt Stood At N24.97trn in Q1 2019 - NBS

10.  Average Prices of PMS, AGO, HHK and Cooking Gas – June 2019

11.   Headline Inflation Increases By 11.22% YoY in June 2019; 0.18% Lower Than May 2019 Rate

12.  1.01m Passport Applications Received in 2018 - NBS

13.  FAAC Disburses N616.20bn in May 2019 - NBS

14.  Total Value of Capital Importation into Nigeria Stood at $8,485.49m in Q1 2019

Q2 2019

15.  All Commodity Group Export Price Index Rose By 1.85% In Q1 2019

16.  Average Price of 1kg of Rice Increased By 1.07% MoM to N361.39 in May 2019 - NBS

17.   Average Prices of PMS, AGO, HHK and Cooking Gas – May 2019

18.  Headline Inflation Increases By 11.40% YoY in May 2019; 0.03% Higher Than April 2019 Rate

19.  8.57m Workers Are Registered Under The Pension Scheme As At Q1 2019 - NBS

20. Nigeria’s Merchandise Trade Grew Marginally By 2.50% QoQ in Q1 2019

21.  Banking Sector Records 557.08m Volume of Transactions in Q1 2019 - NBS

22. 723,995 Passengers Travelled Via Rail in Q1 2019 - NBS

23. NBS Publishes Additional 11 States Nominal GDP From 2013 to 2017

24. N289.04bn Generated as VAT in Q1 2019 - NBS

25. 4.87bn Litres of PMS Imported in Q1 2019 - NBS

26. FAAC Disburses N617.57bn in April 2019 - NBS

27.  Average Price of 1kg of Tomato Increased by 7.05% MoM to N257.25 in April 2019 - NBS

28. Average Fare For Bus Journey Intercity Increased By 0.77% MoM to N1604.36 in April 2019 - NBS

29. Nigeria’s GDP Grew By 2.01% YoY In Real Terms In Q1 2019

30. Headline Inflation Increases By 11.37% YoY in April 2019; 0.12% Higher Than March 2019 Rate

31.  Average Prices of PMS, AGO, HHK and Cooking Gas – April 2019

32. N3.42m Students Enrolled in Public Senior Secondary School in 2017 - NBS

33. N324.59bn Generated as IGR in Q4 2018 - NBS

34. Akwa Ibom State Reports Highest Unemployment Rate of 37.7% in Q3 2018 - NBS

35. 316,365kg of Drug Seized in 2018 - NBS

36. Average Price of 1kg of Tomato Decreased By 6.32% MoM to N240.29 in March 2019 - NBS

37.  Average Fare Paid By Commuters Intercity Increased By 2.85% MoM to N1,592.07 in March 2019 - NBS

38. Headline Inflation Increases By 11.25% YoY in March 2019; 0.06% Lower Than February 2019 Rate

39. Average Prices of PMS, AGO, HHK and Cooking Gas – March 2019

40. FAAC Disburses N619.86bn in March 2019

41.  Domestic Passenger Traffic Grew By 23.19% YoY in 2018 - NBS

42. Lagos State Has The Highest Debt Profile in 2018 - NBS

43. 1.65m Applications Received By JAMB in 2018 - NBS

44. FAAC Disburses N660.37bn in February 2019

45. Nigeria Produced 55.81m Tonnes of Solid Minerals in 2018 - NBS

Q1 2019

46. 8.41m Workers Are Registered Under The Pension Scheme As At Q42018 - NBS

47.  Average Price of 1kg of Yam Tuber Decreased By -2.24% MoM to N206.48 in February 2019 - NBS

48. All Region Terms of Trade Fell -2.78% Due to a Fall in the Prices of Goods Traded in Africa - NBS

49. Average Fare Paid By Commuters Within City Increased By 1.43% MoM to N177.57 in February 2019 - NBS

50. Headline Inflation Increases By 11.31% YoY in February 2019; 0.06% Lower Than January 2019 Rate

51.  Average Prices of PMS, AGO, HHK and Cooking Gas – February 2019

52. Active Voice Subscribers Grew By 6.66% in Q4 2018 - NBS

53. 2,532 Road Traffic Crashes Occurred in Q4 2018 - NBS

54. Total Trade Declined By 5.1% QoQ in Q4 2018; Rose By 42.9% YoY

55.  GDP By Income and Expenditure Approach Q1 and Q2 2018 - Household Final Consumption Grew by 0.78%

56. 1.67m Customers Metered As At Q4 2018 - NBS

57.  N298.01bn Generated as VAT in Q4 2018 - NBS

58. Total Value of Credit Allocated By Banks Stood At N15.13trn As At Q4 2018 - NBS

59. Average Price of 1kg of Tomato Decreased By 2.39% YoY To N265.49 in January 2019 - NBS

60. FAAC Disburses N649.19bn in January 2019

61.  Average Intercity Bus Fare Decreased By -13.90% MoM To N1,541.38 in January 2019

62. Headline Inflation Increases By 11.37% YoY in January 2019; 0.07% Lower Than December 2018 Rate

63. Average Prices of PMS, AGO, HHK and Cooking Gas – January 2019

64. Total Value of Capital Importation into Nigeria Stood at $16,812.47m in 2018 – NBS

65. Nigeria’s GDP Grew By 2.38% YoY in Real Terms in Q4 2018 and 1.93% in Full Year

66. 828,502 Employees Employed By 1,110 Registered Private Guard Companies in 2018 - NBS

67.  States Generate N264.38bn as IGR in Q3 2018 - NBS

68. NBS Publishes Drug Use in Nigeria 2018 Survey Report

69. FAAC Disburses N3.19trn To FG in 2018 - NBS

70. FAAC Disburses N2.38trn To FG in 2017 - NBS

71.   FAAC Disburses N812.76bn in December 2018 - NBS

72.  Average Price of 1kg of Tomato Decreased By -7.76% MoM To N294.36

73.  Average Within City Bus Journey Fare Decreased By -5.64% MoM To N181.61

74.  Headline Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher Than November 2018 Rate

75.  Average Prices of PMS, AGO, HHK and Cooking Gas – December 2018