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FAAC Disburses N558.08bn in October 2017 -NBS

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Thursday, November 23, 2017 6:50PM/ NBS 

The Federation Account Allocation Committee (FAAC) disbursed the sum of N558.08bn to the three tiers of government in October 2017 from the revenue generated in September 2017. 

The amount disbursed comprised of N423.96bn from the Statutory Account and N83.32bn from Valued Added Tax (VAT). No allocation was refunded to the Federal Government from the Nigerian National Petroleum Corporation (NNPC) and N50.81bn  shared from the FOREX Equalisation Account. 

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Federal government received a total of N234.29bn from the N558.08bn shared. States received a total of N152.74bn and Local governments received N114.92bn. The sum of N40.22bn 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 N4.04bn, N6.67bn and N3.21bn respectively as cost of revenue collections. 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N200.07bn was disbursed to the FGN consolidated revenue account; N4.22bn shared as share of derivation and ecology; N2.11bn as stabilization fund; N7.09bn for the development of natural resources; and N4.98bn to the Federal Capital Territory (FCT) Abuja. 

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Click Here to Download October 2017 FAAC PDF Report 

Latest 2017 NBS Reports 

Q4 2017

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

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

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

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

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

6.  596,792 Passengers Travelled Via the Rail System in Q2 2017 - NBS

7.  7.71m Workers Are Registered Under the Pension Scheme as at Q3 2017 - NBS

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

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

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

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

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

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

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

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

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

17.   Multiple Indicator Cluster Survey 2016-17

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

19.  835.58m Crude Oil Processed from 1997 to 2014

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

 

Q3 2017

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

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

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

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

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

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

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

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

29. 2,287 Drug Abuse Convictions Secured in 2016 - NBS

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

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

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

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

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

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

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

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

38. 870,397 Candidates Sat for NECO in June and July 2016

39. 3,457 Nigerians Repatriated from Abroad in 2016 – NBS

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

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

42. 2,503 Road Traffic Crashes Recorded in Q2 2017 - NBS

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

44. 7.59m Nigerians Are Registered Under the National Pension Scheme as at Q2’17 - NBS

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

46. NBS Annual Abstract of Statistics 2016

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

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

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

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

 

Q2 2017

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

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

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

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

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

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

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

58. 125,790 Cases of Reported Offences Recorded in 2016 - NBS

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

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

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

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

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

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

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

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

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

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

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

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

71.   Lagos, Rivers Top IGR for Full Year 2016

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

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

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

75.  2,556 Road Traffic Crashes Recorded in Q1 2017 - NBS

76.  FAAC Disburses N466.93bn in March 2017

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

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

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

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

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

82. 7.49m Nigerians Are Registered Under the National Pension Scheme As At Q1 2017 - NBS

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

 

Q1 2017

84. 11,363 Road Traffic Crashes Recorded in 2016 - NBS

85. FAAC Disburses N514.15bn in February 2017

86. FAAC Disburses N430.16bn in January 2017

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

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

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

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

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

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

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

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

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

96. JAMB Received 11.7m Applications Between 2010 and 2016

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

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

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

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

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

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

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

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

105. 4,296 Applications Were Received by NAFDAC for New Products Registration in 2016 - NBS

106. 19,833 Vessels Berthed At Nigerian Ports Between 2013 and 2016 - NBS

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

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

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

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

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

112.10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS

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

114. 72.53% of Nigeria’s Prison Population in 2015 were Un-sentenced - NBS

115.  Lagos, Ogun Top IGR for H1 2016

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