FAAC Disburses N532.76bn in November 2017 - NBS

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Wednesday, December 27, 2017 03:00PM /NBS 


The Federation Account Allocation Committee (FAAC) disbursed the sum of N532.76bn to the three tiers of government in November 2017 from the revenue generated in October 2017. 

The amount disbursed comprised of N412.10bn from the Statutory Account and N89.71bn from Valued Added Tax (VAT). Distribution of additional N30bn from the NNPC and the distribution of N944bn being excess bank charges on federation account.

Federal government received a total of N218.62bn from the N532.76bn shared. States received a total of N147.39bn and Local governments received N110.58bn. The sum of N40.85bn 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 N4.56bn, N5.68bn and N3.08bn respectively as cost of revenue collections. 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N185.65bn was disbursed to the FGN consolidated revenue account; N3.90bn shared as share of derivation and ecology; N1.95bn as stabilization fund; N6.56bn for the development of natural resources; and N4.73bn to the Federal Capital Territory (FCT) Abuja. 

Click Here to Download November 2017 FAAC (PDF) Report

 
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2017 NBS Reports 

Q4 2017

1      Average Intercity Bus Fare Increased by 14.78% MoM in November 2017

2.   Average Prices of PMS, AGO, HHK and Cooking Gas – November 2017

3.   Headline Inflation Drops to 15.90% in November 2017; 0.01% Lower Than 15.91% October Rate

4.   Banking Sector Records 213.69m Volume of Transactions in Q3 2017 - NBS

5.    Nigeria’s Merchandise Trade Grew Marginally Q-on-Q But Significantly Y-on-Y in Q3 2017

6.   2,478 Road Traffic Crashes Recorded in Q3 2017 - NBS

7.    States Generate N149.45bn as IGR in Q3 2017 - NBS

8.    Total Value of Capital Imported into Nigeria in Q3 2017 Estimated at $4,145.1m - NBS

9.   FAAC Disburses N558.08bn in October 2017 -NBS

10.   GDP Grew by 1.40% in Q3’17 from 0.72% in Q2’17; 2nd Consecutive Quarter of Positive Growth

11.   Average Motorcycle Fare per Drop Increased by 4.52% YoY in October 2017

12.   Average Prices of PMS, AGO, HHK and Cooking Gas – October 2017

13.   Headline Inflation Drops to 15.91% in October 2017, 0.07% Lower Than 15.98% September Rate

14.   Average Price of 1kg of Yam Tuber Increased by 10.22% YoY in October 20

15.   596,792 Passengers Travelled Via the Rail System in Q2 2017 - NBS

16.   7.71m Workers Are Registered Under the Pension Scheme as at Q3 2017 - NBS

17.   Daily Energy Generation Attained a Peak of 3,880MW in Q3 2017 - NBS

18.   FAAC Disburses N637.70bn in September 2017 - NBS

19.   GDP by Income and Expenditure Approach – Basic Price GDP Declined by 1.73% Real Term in Q4’16

20.   N246.30bn Generated as VAT in Q2 2017 - NBS

21.   Lagos State Has 7,396 Prison Inmates Population in 2016 - NBS

22.   Average Prices of PMS, AGO, HHK and Cooking Gas - September 2017

23.   Average Air Fare Increased by 31.31% YoY in September 2017

24.   Average Price of 1kg of Yam Tuber Increased by 28.65% YoY in September 2017

25.   CPI Drops to 15.98% in Sept 2017, 0.03% Lower Than 16.01% August Rate

26.   Multiple Indicator Cluster Survey 2016-17

27.   Pension Fund Asset under Management as at 31 December 2016 stood at N6,164.76bn - NBS

28.   835.58m Crude Oil Processed from 1997 to 2014

29.   N701.85bn Gross Revenue Generated in July 2017

Q3 2017

30.   FAAC Disburses N467.85bn in August 2017 - NBS

31.   Lagos Accounted for 74.8% of International Passenger Traffic in Q2 2017

32.   Lagos State Has the Highest Foreign and Domestic Debts as at June 2017

33.   CPI Drops to 16.01% in August 2017, 0.04% Lower Than 16.05% July Rate

34.   Average Air Fare Increased by 32.75% YoY in August 2017

35.   Average Prices of PMS, AGO, HHK and Cooking Gas - August 2017

36.   Average Price of 1kg of Yam Tuber Increased by 53.98% YoY in August 2017

37.   Nigeria’s Merchandise Trade Grew Marginally QoQ but Significantly YoY in Q2 2017

38.   2,287 Drug Abuse Convictions Secured in 2016 - NBS

39.   Average Price of 1kg of Tomato Increased YoY by 15.65% in July 2017 - NBS

40.   Average Prices of PMS, AGO, HHK and Cooking Gas - July 2017

41.   Average Intercity Fare Increased YoY by 27.49% in July 2017 - NBS

42.   CPI Drops to 16.05% in July 2017, 0.05% Lower Than 16.10% June Rate

43.   Total Value of Capital Imported into Nigeria in Q2 2017 Estimated at $1,792.3m - NBS

44.   FAAC Disburses N652.23bn in July 2017 - NBS

45.   Active Voice Subscribers Dropped by 6.67% in Q2 2017 – NBS

46.   Banking Sector Records 327.37m Volume of Transactions in Q2 2017 - NBS

47.   870,397 Candidates Sat for NECO in June and July 2016

48.   3,457 Nigerians Repatriated from Abroad in 2016 – NBS

49.   Corruption in Nigeria - Bribery as Experienced by the Population

50.   Nigeria Produced 656.8m Barrels of Crude Oil in 2016

51.   2,503 Road Traffic Crashes Recorded in Q2 2017 - NBS

52.   Daily Energy Generation Attained a Peak of 4,079MW in Q2 2017 - NBS

53.   7.59m Nigerians Are Registered Under the National Pension Scheme as at Q2’17 - NBS

54.   FAAC Disburses N462.36bn in June 2017 - NBS

55.   NBS Annual Abstract of Statistics 2016

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

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

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

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

Q2 2017

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

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

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

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

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

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

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

67.   125,790 Cases of Reported Offences Recorded in 2016 - NBS

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

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

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

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

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

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

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

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

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

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

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

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

80.   Lagos, Rivers Top IGR for Full Year 2016

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

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

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

84.   2,556 Road Traffic Crashes Recorded in Q1 2017 - NBS

85.   FAAC Disburses N466.93bn in March 2017

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

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

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

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

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

91.   7.49m Nigerians Are Registered Under the National Pension Scheme As At Q1 2017 - NBS

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

Q1 2017

93.   11,363 Road Traffic Crashes Recorded in 2016 - NBS

94.   FAAC Disburses N514.15bn in February 2017

95.   FAAC Disburses N430.16bn in January 2017

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

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

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

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

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

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

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

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

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

105.  JAMB Received 11.7m Applications Between 2010 and 2016

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

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

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

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

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

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

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

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

114.   4,296 Applications Were Received by NAFDAC for New Products Registration in 2016 - NBS

115.   19,833 Vessels Berthed At Nigerian Ports Between 2013 and 2016 - NBS

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

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

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

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

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

121.   10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS

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

123.  72.53% of Nigeria’s Prison Population in 2015 were Un-sentenced - NBS

124.  Lagos, Ogun Top IGR for H1 2016

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