Nigeria Economy | |
Nigeria Economy | |
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Friday, January 18
2019 05:20
PM / NBS
The Federation Account Allocation Committee (FAAC) disbursed the sum of N812.76bn to the three tiers of government in December 2018 from the revenue generated in November 2018.
The amount disbursed comprised of N649.63bn from the Statutory Account, N92.08bn from Valued Added Tax (VAT), N1.05bn exchange gain allocation and the distribution of N70bn from the FOREX equalisation fund.
Federal government received a total of N326.75bn from the N812.76bn. States received a total of N203.21bn and Local governments received N153.53bn. The sum of N57.09bn 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 N5.01bn, N9.65bn and N3.53bn respectively as cost of revenue collections.
Further breakdown of revenue allocation distribution
to the Federal Government of Nigeria (FGN) revealed that the sum of N268.65bn
was disbursed to the FGN consolidated revenue account; N5.95bn shared as share
of derivation and ecology; N2.98bn as stabilization fund; N9.99bn for the
development of natural resources; and N6.79bn to the Federal Capital Territory
(FCT) Abuja.
Click
Here to Download December 2018 FAAC PDF Report
Latest 2019 NBS Reports
Q1 2019
1.
Average
Price of 1kg of Tomato Decreased By -7.76% MoM To N294.36
2.
Average
Within City Bus Journey Fare Decreased By -5.64% MoM To N181.61
3.
Headline
Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher Than November
2018 Rate
4.
Average
Prices of PMS, AGO, HHK and Cooking Gas – December 2018
Latest 2018 NBS Reports
Q4 2018
5.
Average Prices of PMS, AGO, HHK and Cooking Gas –
December 2018
6.
N273.50bn Generated as VAT in Q3 2018 - NBS
7.
FAAC Disburses N698.71bn in October 2018 - NBS
8.
NBS Publishes 2017 Social Statistics Report
9. All Region Terms of Trade Index Rose Marginally By
0.10% - NBS
10. FAAC
Disburses N788.14bn in November 2018 - NBS
11. Average Price
of 1kg of Tomato Increased By 2.79% YoY to N294.36 in November 2018 - NBS
12. Average
Intercity Fare Decreased By -1.54% MoM to N1790.14 in November 2018 - NBS
13. Average
Prices of PMS, AGO, HHK and Cooking Gas – November 2018
14. Unemployment
Rate Rises to 23.1% in Q3 2018 from 18.8% in Q3 2017
15. Headline Inflation Increases By
11.28% YoY in November 2018; 0.02% Higher Than October 2018 Rate
16. Total Value
of Capital Imported Into Nigeria Stood At $2,855.21m in Q3 2018
17. Nigeria’s
Merchandise Trade Rose Significantly in Q3, 2018
18. Nigeria’s GDP
Grew By 1.81% YoY in Real Terms in Q3 2018 From 1.50% in Q2 2018
19. An Average of
78,917MWh of Power Generated in Q3 2018 - NBS
20. Banking
Sector Records 5.29bn Volume of Transactions in Q3 2018 - NBS
21. 4.37bn Litres
of PMS Imported into Nigeria in Q3 2018 - NBS
22. States
Generate N579.49bn as IGR in H1 2018 - NBS
23. FAAC
Disburses N741.84bn in September 2018 - NBS
24. Average Intercity Bus Fare
Increased By 0.24% MoM - NBS
25. Average Prices of PMS, AGO, HHK
and Cooking Gas – October 2018
26. Headline
Inflation Moderates To 11.26% (YoY) in October 2018; 2bps Lower Than September
2018
27. NBS Publishes
11 States Nominal GDP from 2013 to 2017
28. Average Price
of 1kg of Yam Tuber Decreased by 4.3% MoM to N280.28 in September 2018 - NBS
29. Average Airfare Paid by Passengers
Increased by 0.15% MoM to N32,378.92 - NBS
30. Headline
Inflation Increased by 11.28% in September 2018; 0.05 Higher Than August 2018
Rate
31. Average Prices of PMS, AGO, HHK
and Cooking Gas – September 2018