FAAC Disburses N616.20bn in May 2019 - NBS

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Wednesday, July 10 2019  08:00 AM / NBS  

 

The Federation Account Allocation Committee (FAAC) disbursed the sum of N616.20bn to the three tiers of government in May 2019 from the revenue generated in April 2019. 

The amount disbursed comprised of N518.92bn from the Statutory Account, N96.49bn from Valued Added Tax (VAT) and N797.11mln exchange gain differences. 

Federal Government received a total of N253.92bn from the N616.20bn. States received a total of N168.06bn and Local Governments received N126.28bn. The sum of N46.35bn 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 N5.38bn, N6.78bn and N3.12bn respectively as cost of revenue collections. 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N199.58bn was disbursed to the FGN consolidated revenue account; N4.56bn shared as share of derivation and ecology; N2.28bn as stabilization fund; N7.65bn for the development of natural resources; and N5.44bn to the Federal Capital Territory (FCT) Abuja.

 

Click Here to Download May 2019 FAAC PDF Report

 

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Latest 2019 NBS Reports

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Q3 2019

1.       Total Value of Capital Importation into Nigeria Stood at $8,485.49m in Q1 2019

 

Q2 2019

2.      All Commodity Group Export Price Index Rose By 1.85% In Q1 2019

3.      Average Price of 1kg of Rice Increased By 1.07% MoM to N361.39 in May 2019 - NBS

4.      Average Prices of PMS, AGO, HHK and Cooking Gas – May 2019

5.      Headline Inflation Increases By 11.40% YoY in May 2019; 0.03% Higher Than April 2019 Rate

6.      8.57m Workers Are Registered Under The Pension Scheme As At Q1 2019 - NBS

7.      Nigeria’s Merchandise Trade Grew Marginally By 2.50% QoQ in Q1 2019

8.     Banking Sector Records 557.08m Volume of Transactions in Q1 2019 - NBS

9.      723,995 Passengers Travelled Via Rail in Q1 2019 - NBS

10.  NBS Publishes Additional 11 States Nominal GDP From 2013 to 2017

11.   N289.04bn Generated as VAT in Q1 2019 - NBS

12.  4.87bn Litres of PMS Imported in Q1 2019 - NBS

13.  FAAC Disburses N617.57bn in April 2019 - NBS

14.  Average Price of 1kg of Tomato Increased by 7.05% MoM to N257.25 in April 2019 - NBS

15.   Average Fare For Bus Journey Intercity Increased By 0.77% MoM to N1604.36 in April 2019 - NBS

16.  Nigeria’s GDP Grew By 2.01% YoY In Real Terms In Q1 2019

17.   Headline Inflation Increases By 11.37% YoY in April 2019; 0.12% Higher Than March 2019 Rate

18.  Average Prices of PMS, AGO, HHK and Cooking Gas – April 2019

19.  N3.42m Students Enrolled in Public Senior Secondary School in 2017 - NBS

20. N324.59bn Generated as IGR in Q4 2018 - NBS

21.  Akwa Ibom State Reports Highest Unemployment Rate of 37.7% in Q3 2018 - NBS

22. 316,365kg of Drug Seized in 2018 - NBS

23. Average Price of 1kg of Tomato Decreased By 6.32% MoM to N240.29 in March 2019 - NBS

24. Average Fare Paid By Commuters Intercity Increased By 2.85% MoM to N1,592.07 in March 2019 - NBS

25.  Headline Inflation Increases By 11.25% YoY in March 2019; 0.06% Lower Than February 2019 Rate

26. Average Prices of PMS, AGO, HHK and Cooking Gas – March 2019

27.  FAAC Disburses N619.86bn in March 2019

28. Domestic Passenger Traffic Grew By 23.19% YoY in 2018 - NBS

29. Lagos State Has The Highest Debt Profile in 2018 - NBS

30. 1.65m Applications Received By JAMB in 2018 - NBS

31.  FAAC Disburses N660.37bn in February 2019

32. Nigeria Produced 55.81m Tonnes of Solid Minerals in 2018 - NBS

 

Q1 2019

33. 8.41m Workers Are Registered Under The Pension Scheme As At Q42018 - NBS

34. Average Price of 1kg of Yam Tuber Decreased By -2.24% MoM to N206.48 in February 2019 - NBS

35.  All Region Terms of Trade Fell -2.78% Due to a Fall in the Prices of Goods Traded in Africa - NBS

36. Average Fare Paid By Commuters Within City Increased By 1.43% MoM to N177.57 in February 2019 - NBS

37.  Headline Inflation Increases By 11.31% YoY in February 2019; 0.06% Lower Than January 2019 Rate

38. Average Prices of PMS, AGO, HHK and Cooking Gas – February 2019

39. Active Voice Subscribers Grew By 6.66% in Q4 2018 - NBS

40. 2,532 Road Traffic Crashes Occurred in Q4 2018 - NBS

41.  Total Trade Declined By 5.1% QoQ in Q4 2018; Rose By 42.9% YoY

42. GDP By Income and Expenditure Approach Q1 and Q2 2018 - Household Final Consumption Grew by 0.78%

43. 1.67m Customers Metered As At Q4 2018 - NBS

44. N298.01bn Generated as VAT in Q4 2018 - NBS

45.  Total Value of Credit Allocated By Banks Stood At N15.13trn As At Q4 2018 - NBS

46. Average Price of 1kg of Tomato Decreased By 2.39% YoY To N265.49 in January 2019 - NBS

47.  FAAC Disburses N649.19bn in January 2019

48. Average Intercity Bus Fare Decreased By -13.90% MoM To N1,541.38 in January 2019

49. Headline Inflation Increases By 11.37% YoY in January 2019; 0.07% Lower Than December 2018 Rate

50. Average Prices of PMS, AGO, HHK and Cooking Gas – January 2019

51.   Total Value of Capital Importation into Nigeria Stood at $16,812.47m in 2018 – NBS

52.  Nigeria’s GDP Grew By 2.38% YoY in Real Terms in Q4 2018 and 1.93% in Full Year

53.  828,502 Employees Employed By 1,110 Registered Private Guard Companies in 2018 - NBS

54.  States Generate N264.38bn as IGR in Q3 2018 - NBS

55.  NBS Publishes Drug Use in Nigeria 2018 Survey Report

56.  FAAC Disburses N3.19trn To FG in 2018 - NBS

57.  FAAC Disburses N2.38trn To FG in 2017 - NBS

58. FAAC Disburses N812.76bn in December 2018 - NBS

59.  Average Price of 1kg of Tomato Decreased By -7.76% MoM To N294.36

60. Average Within City Bus Journey Fare Decreased By -5.64% MoM To N181.61

61.  Headline Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher Than November 2018 Rate

62. Average Prices of PMS, AGO, HHK and Cooking Gas – December 2018

 

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