FAAC Disburses N2.49trn to FG and N2.30trn to States in Year 2020 - NBS


Friday, February 12, 2021 05:20 PM / by NBS/ Header Image Credit:  NBS


The Federation Account Allocation Committee (FAAC) disbursed the sum of N2.49trn to the Federal Government of Nigeria in 2020 while states received a total of N2.30trn within the period under review.


The months with the highest Net Allocation were January and August with 243.45bn and 232.34bn respectively while the least amount disbursed to the Federal Government of Nigeria in 2020 where in December and November with 160.59bn and 176.29bn respectively.


The total Net FAAC Allocation to State Government stood at N2.30trn, Delta and Akwa Ibom States received the highest allocation of N186.83bn and N146.27bn respectively in 2020 while Osun and Cross River States received the least allocation of N30.63bn and N32.89bn in that order. Gbetiokun Derivation  and Suko Derivation accounted for N1.03bn and N994.94m respectively. 


Click Here to Download Year 2020 FAAC Series PDF Report

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Q1 2021

1.      FAAC Disburses N601.11bn in December 2020 - NBS

2.     FAAC Disburses N604.00bn in November 2020 - NBS

3.     Total Value of Capital Importation into Nigeria Stood at US$1,069.68m in Q4 2020 - NBS

4.     N295.72bn Generated as Company Income Tax in Q4 2020 - NBS

5.     N454.69bn Generated as Value Added Tax in Q4 2020 - NBS

6.     Average Price of 1kg of Tomato Increases by 17.51% YoY in December 2020 - NBS

7.     Average Air Fare Increases by 18.54% YoY in December 2020 - NBS

8.     Average Prices of PMS, AGO, HHK and Cooking Gas - December 2020

9.     Headline Inflation Increases by 15.75% YoY In December 2020, 0.86% Higher Than November 2020 Rate

10.  62.18% of Nigeria's Total Public Debt as of Q3 2020 Was Domestic - NBS

11.   Active Voice Subscribers Grew by 4.59% in Q3 2020 - NBS

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