Nigeria Economy | |
Nigeria Economy | |
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PROSHARE | |
PROSHARE |
Friday, October
29, 2020 06:50 AM / NBS/ Header Image Credit: NBS
The Federation Account
Allocation Committee (FAAC) disbursed the sum of N682.06bn to the three tiers of government in September 2020 from the revenue generated in August 2020.
The amount disbursed
comprised of N531.83bn from the Statutory
Account and N150.23bn from Valued Added
Tax (VAT).
Federal Government received
a total of N272.90bn from the N682.06bn. States received a total
of N197.65bn and Local Governments
received N147.42bn. The sum of N30.88bn 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 N6.66bn, N13.48bn and N5.70bn
respectively as cost of revenue collections.
Further breakdown of
revenue allocation distribution to the Federal Government of Nigeria (FGN)
revealed that the sum of N196.56bn was disbursed to the FGN consolidated
revenue account; N4.78bn shared as
share of derivation and ecology; N2.39bn as stabilization fund; N8.03bn for the development of natural resources; and N6.12bn to the Federal
Capital Territory (FCT) Abuja.
Click Here to Download September 2020 FAAC
PDF Report
Latest 2020 NBS Reports
Q4 2020
1.
Average Prices of 1kg of Rice Increased By 39.07% YoY
in September 2020 - NBS
2.
Average Fare Paid
for Intercity Bus Increased By 24.30% YoY in September 2020 - NBS
3.
Average Prices of PMS, AGO, HHK and
Cooking Gas - September 2020
4.
Headline Inflation
Increases By 13.71% YoY In September 2020, 0.49% Higher Than August 2020 Rate
5.
States Generated
N612.87bn as IGR in H1 2020 - NBS
6.
All Region TOT
Decreased by -0.79% in Q2 2020 Due to Weaker Trade With Europe, Africa and Asia
Q3 2020
1.
2,080 Road Traffic Crashes Occurred in Q2 2020 - NBS
2.
33,448,633MWh of
Energy Generated in 2019 - NBS
3.
FAAC Disburses
N676.41bn in August 2020 - NBS
4.
FAAC Disburses
N696.18bn in July 2020 - NBS
5.
Average Price of 1kg
of Rice Increased By 40.69% YoY in
August 2020 - NBS
6.
Average Fare For Bus
Journey Within City Increased By 12.70% MoM in August 2020 - NBS
7.
Average Prices of
PMS, AGO, HHK and Cooking Gas - August 2020
8.
Headline Inflation
Increases By 13.22% YoY In August 2020; 0.40% Higher Than July 2020 Rate
9.
Nigeria's Total Public Debt Stood At
N31.01trn in Q2 2020 - NBS
10.
Banking Sector
Records 2.16bn Volume of Transaction in Q2 2020 - NBS
11.
FAAC Disburses
N547.31bn in June 2020 - NBS
12.
Nigeria's
Merchandise Trade Falls Steeply in Q2 2020 Due to Sharp Drop in Exports
13.
FAAC Disburses N606.19bn in May 2020
- NBS
14.
Total Value of
Capital Imported into Nigeria Stood At $1,294.94m in Q2 2020 - NBS
15.
612,547kg of
Drugs Seized in 2019 - NBS
16.
Nigeria's GDP
Contracts by -6.10% YoY in Real Terms in Q2 2020 - NBS
17.
Average Price of 1kg of Tomato
Increased By 3.24% MoM in July 2020 - NBS
18.
Average Fare Paid By Commuters for
Motorcycle Journey Increased By 9.06% MoM in July 2020
19.
Average Prices of
PMS, AGO, HHK and Cooking Gas - July 2020
20.
Headline Inflation Increases By
12.82% YoY In July 2020; 0.26% Higher Than June 2020 Rate
21.
Nigeria's Unemployment
Rate Moves Up to 27.1% in Q2 2020 from 23.1% in Q3 2018 - NBS
22.
N651.77bn Generated
as VAT in H1 2020 - NBS
23.
Average Prices of 1kg of Tomato
Increased By 30.25% YoY in June 2020 - NBS
24.
Average Fare for Bus
Journey Within City Increased By 3.36% MoM to N229.94 in June 2020 - NBS
25.
Average Prices of
PMS, AGO, HHK and Cooking Gas - June 2020
26.
Headline Inflation
Increases By 12.56% YoY In June 2020; 0.16% Higher Than May 2020 Rate
27.
Nigeria's Total
Public Debt Stood At N28.63trn in Q1 2020 - NBS
28.
NBS Publishes
National Living Standard Survey 2018-19 Report
29.
Active Voice Subscription Grew By
2.48% in Q1 2020 - NBS
Q2 2020
1.
5.26bn Litres of PMS
Imported Into Nigeria in Q1 2020 - NBS
2.
All Commodity Group
Import Index Decreased By 0.84% in Q1 2020
3.
Average Price of 1kg of Rice Increased
By 28.18% YoY in May 2020 - NBS
4.
Average Fare Paid By
Commuters for Bus Journey Within City Decreased By -0.56% MoM in May 2020 - NBS
5.
Average Prices of
PMS, AGO, HHK and Cooking Gas - May 2020
6.
Headline Inflation
Increases By 12.40% YoY In May 2020; 0.06% Higher Than April 2020 Rate
7.
Nigeria's
Merchandise Trade Slowed in Q1 2020 Due to Declines in Both Imports and Exports
8.
11,072 Road Traffic Crashes Occurred in 2019 - NBS
9.
FAAC Disburses N780.93bn in April
2020 - NBS
10.
FAAC Disburses N581.57bn
in March 2020 - NBS
11.
Average Price of 1kg of Rice Increased MoM By 7.56% in April 2020 - NBS
12.
Average Air
Passengers Fare Was Flat MoM in April 2020 - NBS
13.
Total Value of
Capital Importation into Nigeria Stood At $5,854.38m in Q1 2020 - NBS
14.
Nigeria's GDP Grew By 1.87% YoY in
Real Terms in Q1 2020
15.
Average Prices of
PMS, AGO, HHK and Cooking Gas - April 2020
16.
N1.33trn Generated
As IGR in 2019 - NBS
17.
Headline Inflation
Increases By 12.34% YoY In April 2020; 0.08% Higher Than March 2020 Rate
18.
20.89bn Litres of
PMS Imported Into Nigeria in 2019 - NBS
19.
N338.94bn Generated
As VAT in Q1 2020 - NBS
20.
Total Household
Expenditure on Food and Non-food Was Put At N40.21bn in 2019 - NBS
21.
Poverty and
Inequality in Nigeria 2019: 40% of Total Population Classified as Poor
22.
GDP By Income and Expenditure Approach Q4 2019 - Household Final
Consumption Declined by -2.40%
23.
Average Price of 1kg
of Rice Increased By 21% YoY to
N438.66 In March 2020
24.
Average Transport
Fare Paid By Commuters Within City Increased By 1.89% MoM in March 2020
25.
Average Prices of PMS, AGO, HHK and
Cooking Gas - March 2020
26.
Headline Inflation
Increases By 12.26% YoY In March 2020; 0.06% Higher Than February 2020 Rate
27.
Nigeria's Total
Public Debt Stood At N27.40trn in Q4 2019 - NBS
28.
FAAC Disburses
N647.35bn in February 2020 - NBS
Q1 2020
1.
Banking Sector
Records 893.68m Volume of Transaction in Q4 2019 - NBS
2.
Active Voice
Subscription Grew By 3.08% in Q4 2019 - NBS
3.
All Commodity Group
Import Index Fell by 3.27% Due Mainly to Declines in the Prices of Goods
4.
Average Prices of
1kg of Tomato Decreased By -10.65% YoY to N237.22 in Jan 2020 - NBS
5.
Average Fare Paid By
Commuters For Bus Journey Intercity Increased By 0.91% MoM in February 2020
6.
Average Prices Of
PMS, AGO, HHK and Cooking Gas - February 2020
7.
Headline Inflation Increases
By 12.20% YoY In February 2020; 0.07% Higher Than January 2020 Rate
8.
FAAC Disburses
N716.30bn in January 2020 - NBS
9.
FAAC Disburses
N2.93trn to FG in 2019 - NBS
10.
Total Value of
Capital Imported in Q4 2019 Stood At $3,802.38m - NBS
11.
FAAC Disburses
N650.83bn in December 2019 - NBS
12.
Nigeria's
Merchandise Trade Grew in Q4 2019; Imports Rose Faster Exceeding Falling
Exports
13.
Nigeria's GDP Grew
By 2.55% in Real Terms in Q4 2019 and 2.27% in Full Year 2019
14.
Average Prices of 1kg of Tomato
Decreased By -10.65% YoY to N237.22 in Jan 2020 - NBS
15.
Average Prices Of PMS, AGO, HHK and
Cooking Gas - January 2020
16.
Headline Inflation
Increases By 12.13% YoY In January 2020; 0.15% Higher Than December 2019 Rate
17.
N293.80bn Generated
as IGR in Q3 2019 - NBS
18.
Nigeria's Total
Public Debt Stood At N26.14trn in Q3 2019 - NBS
19.
Average Intercity Fare
Increases By 1.43% MoM To N1, 666.57 In December 2019
20.
Average Price of 1kg
of Tomato Decrease YoY by -2.80% To N263.90 In December 2019
21.
All Commodity Group Index Grew By
2.48% in Q3 2019
22.
Average
Prices Of PMS, AGO, HHK and Cooking Gas - December 2019
23.
Headline Inflation Increases By
11.98% YoY In December 2019; 0.13% Higher Than November 2019 Rate