Proshare - Facebook Proshare - Twitter Proshare - Google+ Proshare - Linked In Proshare - RSS Feed

FAAC Disburses N462.36bn in June 2017 - NBS

Proshare

Thursday, July 20, 2017 10:00 AM /NBS  

The Federation Account Allocation Committee (FAAC) disbursed the sum of N462.36bn to the three tiers of government in June 2017 from the revenue generated in May 2017. 

The amount disbursed comprised of N317.56bn from the Statutory Account; N64.81bn from exchange gain; N79.99bn from Valued Added Tax (VAT). No allocation was refunded to the Federal Government from the Nigerian National Petroleum Corporation (NNPC) and no amount was also shared from the Excess Petroleum Product Tax (PPT) Account. 

Federal government received a total of N189.94bn from the N462.36bn shared. States received a total of N128.89bn and Local governments received N96.65bn. The sum of N26.96bn 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 N3.67bn, N7.76bn and N2.24bn respectively as cost of revenue collections. 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N159.45bn was disbursed to the FGN consolidated revenue account; N3.39bn shared as share of derivation and ecology; N1.69bn as stabilization fund; N5.69bn for the development of natural resources; and N4.11bn to the Federal Capital Territory (FCT) Abuja.  

Click Here to Download June 2017 FAAC (PDF) Report  

Latest 2017 NBS Reports 

Q3 2017

1.       NBS Annual Abstract of Statistics 2016

2.      Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - June 2017

3.      Average Intercity Transport Fare Decreases to N1,559.68 in Jun’17 from N1,565 in May’17

4.      Average Price Of 1kg Of Yam Tuber Increased YoY by 32.84% in June 2017 -NBS

5.      CPI Drops to 16.10% in June 2017, 0.15% Lower Than 16.25% May Rate 

Q2 2017

6.      FAAC Disburses N418.82bn in May 2017 - NBS

7.      GDP By Income and Expenditure Approach – Basic Price GDP Declines by 2.3% in Q3’16 - NBS

8.     Average Price Watch of PMS, AGO, HHK and Cooking Gas - May 2017

9.      Average Intercity Transport Fare Decreases to N1,5865. in May’17 from N1,587.04 in Apr’17

10.  Average Price Of 1kg Of Yam Tuber Increased YoY by 52.69% in May 2017 - NBS

11.   CPI Drops to 16.25% in May 2017, 0.99% Lower Than 17.24% April Rate

12.  N204.77bn Generated as VAT in Q1 2017 - NBS

13.  125,790 Cases of Reported Offences Recorded in 2016 - NBS

14.  Labour Productivity Rose to N684.43 in 2016 - NBS

15.   Merchandise Trade Grew By 0.1% - Positive Trade Balance Due to Rising Exports & Falling Imports

16.  Unemployment Rate Rises to 14.2% in Q4’16 from 13.9% in Q3’16 - NBS

17.   Lagos Airport Accounted for 76.5% of International Passengers in Q1 2017 - NBS

18.  FAAC Disburses N496.39bn in April 2017 - NBS

19.  Banking Sector Records 304.31 mln Volume of Transaction in Q1 2017 - NBS

20. Total Value of Capital Imported into Nigeria in Q1 2017 Estimated at $908.27m - NBS

21.  GDP Contracts by -0.52% in Q1’17 from -1.73% in Q4’16; 5th Consecutive Quarter of Contraction

22. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch – April 2017

23. Average Intercity Transport Fare Increases to N1,587.04 in Apr’17 from N1,466.46 in Mar’17

24. Average Prices of 1kg of Yam Tubber Increased by 42.45% YoY in April 2017

25.  CPI Drops to 17.24% in April 2017, 0.02% Lower Than 17.26% March Rate

26. Lagos, Rivers Top IGR for Full Year 2016

27.  Telecoms Subscribers Dropped by 1.33% in Q1 2017 - NBS

28. Nigeria Imports 4.05bn Litres of PMS in Q1 2017 - NBS

29. Lagos State has the highest domestic and foreign debt profile in 2016 - NBS

30. 2,556 Road Traffic Crashes Recorded in Q1 2017 - NBS

31.  FAAC Disburses N466.93bn in March 2017

32. Daily Energy Generation Attained a Peak of 5,846 MW in Q1 2017 - NBS

33. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - March 2017

34. Average Intercity Transport Fare Increases to N1,466.46 in Mar’17 from N1,411.87 in Feb’17

35.  Average Prices of 1kg of Yam Tubber Increased by 63.4% YoY in March 2017

36. CPI Drops to 17.26% in March 2017, 0.52% Lower Than 17.78% February Rate

37.  7.49m Nigerians Are Registered Under the National Pension Scheme As At Q1 2017 - NBS

38. Lagos Airport Accounted for 69.1% of International Passengers in 2016 - NBS 

Q1 2017 

39. 11,363 Road Traffic Crashes Recorded in 2016 - NBS

40. FAAC Disburses N514.15bn in February 2017

41.  FAAC Disburses N430.16bn in January 2017

42. Average Intercity Transport Fare Decreases to N1,411.87 in Feb’17 from N1430.63 in Jan’17

43. Average Price of 1kg of Rice Increased by 68% YoY in February 2017

44. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - February 2017

45.  CPI Drops to 17.78% in February 2017, 0.94% Lower Than 18.72% January Rate

46. Nigeria Produced 43.49m Tons of Solid Minerals in 2016 - NBS

47.  NIPOST Generates N8.84bn Revenue in 2016 - NBS

48. Q4 2016 Merchandise Trade Intensity - Total Trade Grows by 6.5% in 2016

49. Merchandise Trade Grows in Q4 2016 - Records First Quarterly Positive Trade Balance Since Q4 2015

50. GDP Contracts by -1.30% in Q4 and -1.51% for Full Year 2016; Is Nigeria on Its Way Out of Recession?

51.   JAMB Received 11.7m Applications Between 2010 and 2016

52.  Average Kerosene Price Increases to N433.84 in Jan'17 from N231.85 in Dec'16

53.  Average Intracity Transport Fare Increases to N122 in Jan'17 from N84.29 in Dec'16

54.  Average Cooking Gas Price Increases to N2,567.56 in Jan’17 from N2,002.16 in Dec’16

55.  Average Diesel Price Increases to N240.52 in Jan’17 from N196.20 in Dec’16

56.  Average Petrol Price Increases to N148.7 in Jan'17 from N146.7 in Dec'16

57.  CPI Rises to 18.72% in January 2017, 0.17% Higher Than 18.55% December 2016 Rate

58. GENCOs Issued Total Invoice of N331bn to DISCOs in 2016

59.  Nigeria Produced 5.79 mln Tonnes of Fish Between 2010 and 2015

60. 4,296 Applications Were Received by NAFDAC for New Products Registration in 2016 - NBS

61.  19,833 Vessels Berthed At Nigerian Ports Between 2013 and 2016 - NBS

62. Total Value of Capital Imported into Nigeria in Q4 2016 Estimated at $1,548.88mln - NBS

63. Telecoms Sector Contributes N1,399bn to GDP in Q3 2016 - NBS

64. FAAC Disburses N426.88bn in December 2016 - NBS

65.  Banking Sector Records 910.18m Volume of Transaction in 2016 on Electronic Payment Channels - NBS

66. Daily Energy Generation Attained a Peak of 3,859.59MW in Q4 2016 - NBS

67.  10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS

68. Nigeria Imports 4.83 bn Litres of PMS in Q4 2016 - NBS

69. 72.53% of Nigeria’s Prison Population in 2015 were Un-sentenced - NBS

70. Lagos, Ogun Top IGR for H1 2016

READ MORE:
Related News