FAAC Disburses N741.84bn in September 2018 - NBS

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Wednesday, November 07, 2018 / 08:00 PM / NBS   

 

The Federation Account Allocation Committee (FAAC) disbursed the sum of N741.84bn to the three tiers of government in September 2018 from the revenue generated in August 2018. 

The amount disbursed comprised of N627.14bn from the Statutory Account, N114.54bn from Valued Added Tax (VAT) and N162.08bn exchange gain difference. 

Federal government received a total of N291.46bn from the N741.84bn. States received a total of N194.45bn and Local governments received N146.01bn. The sum of N53.05bn was shared among the oil producing states as 13% derivation fund  while N40.00bn was transferred to Excess crude Account(ECA). 

Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Department of Petroleum Resources (DPR) received N5.24bn, N8.29bn and N3.34bn respectively as cost of revenue collections. 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N236.19bn was disbursed to the FGN consolidated revenue account; N5.22bn shared as share of derivation and ecology; N2.61bn as stabilization fund; N8.77bn for the development of natural resources; and N6.28bn to the Federal Capital Territory (FCT) Abuja.

 

Click Here to Download September 2018 FAAC PDF Report


Latest 2018 NBS Reports

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Q4 2018

1.       NBS Publishes 11 States Nominal GDP from 2013 to 2017

2.      Average Price of 1kg of Yam Tuber Decreased by 4.3% MoM to N280.28 in September 2018 - NBS

3.      Average Airfare Paid by Passengers Increased by 0.15% MoM to N32,378.92 - NBS

4.      Headline Inflation Increased by 11.28% in September 2018; 0.05 Higher Than August 2018 Rate

5.      Average Prices of PMS, AGO, HHK and Cooking Gas – September 2018

6.      NBS Publishes 2016 Human Development Indices for UNDP Nigeria Human Development Report

 

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Q3 2018

1.       730,289 Passengers Travelled via Rail in Q2 2018 - NBS

2.      All Region Terms of Trade Index Rose by 9% Driven by Mineral Products - NBS

3.      FAAC Disburses N714.81bn in August 2018 - NBS

4.      Lagos State Accounts for 34.17% of Foreign Debt As At June 2018 - NBS

5.      Average Price of 1kg of Rice Decreased by 2.43% MoM to N375.02 in August 2018 - NBS

6.      Average Fare Paid by Commuters For Bus Journey Within City Increased by 9.80% MoM in Aug 2018 - NBS

7.      Headline Inflation Increased by 11.23% in August 2018; 0.09 Higher Than July 2018 Rate

8.     Average Prices of PMS, AGO, HHK and Cooking Gas – August 2018

9.      Active Voice Subscribers Increased by 0.09% in Q2 2018 - NBS

10.  7.50m Passengers Passed Through Nigerian Airports in H1 2018

11.   Merchandise Trade Declines in Q2 2018: -8.89% Contraction from Q1 2018 Trade Figure

12.  Average of 81,561MWh of Energy Generated Daily in Q2 2018 - NBS

13.  8.13m Workers Are Registered Under The Pension Scheme As At Q2 2018 - NBS

14.  2608 Road Traffic Crashes Occurred in Q2 2018 - NBS

15.   Nigeria’s GDP Grew by 1.50% YoY in Real Terms in Q2 2018

16.  165.71mln Litres of Liquefied Petroleum Gas Imported into Nigeria in Q2 2018

17.   Total Value of Capital Importation into Nigeria Stood at $5,513.55m in Q2 2018 - NBS

18.  Banking Sector Records 509.67m Volume of Transactions in Q2 2018 - NBS

19.  Average Fare Paid by Commuters for Bus Journey Intercity Increased by 0.30% MoM to N1,733.33 in July

20. Average Price of 1kg of Yam Tuber Decreased by 1.75% MoM to N280.83 in July 2018 - NBS

21.  Headline Inflation Drops to 11.14% in July 2018; 0.09% Lower Than June 2018 Rate

22. Average Prices of PMS, AGO, HHK and Cooking Gas – July 2018

23. FAAC Disburses N821.86bn in July 2018 – NBS

24. FAAC Disburses N668.90bn in June 2018 – NBS

25.  4.79bn Litres of PMS Imported into Nigeria in Q2 2018 - NBS

26. 6,999 Products Were Presented for Registration Approval in 2017 - NBS

27.  Nigeria Produced 45.74m Tons of Solid Minerals in 2017 - NBS

28. 147,823 Domestic Passengers Moved by 41 Private Jet Operators in 2017 - NBS

29. Average of 92,747MWh of Energy Generated Daily in Q1 2018

30. GDP By Income and Expenditure Approach 2017 - Household Final Consumption Fell by -0.99% in 2017


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Q2 2018

31.  Average Price of 1kg of Yam Tuber Increased MoM by 4.93% to N305.70 - NBS

32. Average Intracity Transport Fare Increased MoM by 1.53% to N168.90 - NBS

33.  Average Prices of PMS, AGO, HHK and Cooking Gas – June 2018

34.  Headline Inflation Drops to 11.23% in June 2018; 0.37% Lower Than May 2018 Rate

35.  134,663 Crime Cases Were Reported in 2017 - NBS

36.  FAAC Disburses N701.02bn in May 2018 - NBS

37.  Average Prices of 1kg of Tomato Increased MoM by 6.10% to N307.14 in May 2018 - NBS

38.  Average Water Transport Fare Increased By 0.57% MoM in May 2018 - NBS

39.  Headline Inflation Drops to 11.61% in May 2018; 0.87% Lower Than April 2018 Rate

40. Average Prices of PMS, AGO, HHK and Cooking Gas – May 2018

41.   Merchandise Trade in Both Directions Grew Significantly in Q1 2018

42.  7.98m Workers Are Registered Under The Pension Scheme as at Q1 2018 - NBS

43.  5.67bn Litres of PMS Imported in Q1 2018 - NBS

44. FAAC Disburses N638.09bn in April 2018 - NBS

45.  2,482 Road Traffic Crashes Occurred in Q1 2018 - NBS

46. Nigeria’s GDP Grew in Real Terms by 1.95% in Q1 2018

47.  N269.79bn Generated as VAT in Q1 2018 - NBS

48. Average Price of 1kg of Tomato Increased by 8.38% MoM in April 2018 - NBS

49. Average Fare for Bus Journey Within City Increased by 3.88% MoM in April 2018 - NBS

50.  Headline Inflation Drops to 12.48% in April 2018; 0.86% Lower Than March 2018 Rate

51.   Average Prices of PMS, AGO, HHK and Cooking Gas – April 2018

52.  Total Value of Capital Imported in Q1 2018 Stood at $6,303.63m - NBS

53.  Banking Sector Records 457.23m Volume of Transactions in Q1 2018 - NBS

54.  FAAC Disburses N647.39bn in March 2018 –NBS

55.  720,958 Passport Applications Received in 2017 - NBS

56.  309,713kg of Drug Seized in 2017 - NBS

57.  Average Intercity Bus Fare Decreased by -5.63% MoM in March 2018

58.  Average Price of Tomato Decreased by -0.58% YoY in March 2018

59.  Headline Inflation Drops to 13.34% in March 2018; 0.99% Lower Than February 2018 Rate

60. Average Prices of PMS, AGO, HHK and Cooking Gas – March 2018

61.   Updated 2017 IGR Report – Osun State Grows IGR by 32.04% in FY 2017

 

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Q1 2018

1.       FAAC Disburses N635.55bn in February 2018 - NBS

2.      Lagos State Has The Highest Domestic and Foreign Debts as at December 2017 - NBS

3.      States Generate N931.23bn as IGR in 2017 - NBS

4.      Average Air Fare Increased by 1.47% MoM in February 2018 - NBS

5.      Average Price of 1kg of Yam Tuber Increased by 7.10% YoY in February 2018 - NBS

6.      Headline Inflation Drops to 14.33% in February 2018; 0.8% Lower Than January 2018 Rate

7.      Average Prices of PMS, AGO, HHK and Cooking Gas – February 2018

8.      Lagos, Abuja, Port Harcourt, Owerri and Kano Airports Served Over 92% of Total Passengers in Q4 2017

9.      4,175 Ocean Going Vessels Recorded at Nigerian Ports in 2017

10.   Total Value of Capital Imported into Nigeria in Q4 2017 Estimated at $5,382.89m - NBS

11.    Nigeria’s GDP Grows in Real Terms by 1.92% in Q4 and 0.83% for Full Year 2017

12.  FAAC Disburses N655.18bn in January 2018 – NBS

13.   N254.10bn Generated as VAT in Q4 2017 – NBS

14.   Total Active Voice Subscription Increased by 3.69% in Q4 2017 – NBS

15.   18.36bn Litres of PMS Distributed State-wide in 2017 – NBS

16.   5.84m Students Enrolled in Junior Secondary Schools in 2016 - NBS

17.   2,489 Road Traffic Crashes Occurred in Q4 2017 - NBS

18.   Average Air Fare Increased by 7.34% YoY in January 2018 - NBS

19.   Headline Inflation Drops to 15.13% in January 2018; 0.24% Lower Than 15.37% December Rate

20.  Average Prices of PMS, AGO, HHK and Cooking Gas – January 2018

21.   7.82m Workers Are Registered Under the Pension Scheme as at Q4 2017 - NBS

22.  Daily Energy Generation Attained a Peak of 94,627MWh in Q4 2017 - NBS

23.  Banking Sector Records 461.98m Volume of Transactions in Q4 2017 - NBS

24.  77.5m Persons Engaged in Some Sort of Economic Activities in Q3 2017 - NBS

25.  Average Fare Paid by Passengers for Water Transport Increased by 6.05% MoM to N631.55 in Dec 2017

26.   Average Price of 1kg of Yam Tuber Decreased by -3.67% YoY to N211.61 in December 2017 - NBS

27.  Headline Inflation Drops to 15.37% in December 2017; 0.53% Lower Than 15.90% November Rate

28.   Average Prices of PMS, AGO, HHK and Cooking Gas – December 2017

29.  Active Voice Subscribers Dropped by 8.73% in Q3 2017 – NBS

30. Inequality in Nigeria Worsened Between 2004 and 2013 But Improved in 2016 – NBS

31. FAAC Disburses N609.96bn in December 2017 – NBS
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