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FAAC Disburses N637.70bn in September 2017 - NBS

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Friday, October 27, 2017 1:00PM /NBS 

The Federation Account Allocation Committee (FAAC) disbursed the sum of N637.70bn to the three tiers of government in September 2017 from the revenue generated in August 2017. 

The amount disbursed comprised of N550.99bn from the Statutory Account and  N86.71bn 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.

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Federal government received a total of N273.09bn from the N637.70bn shared. States received a total of N173.81bn and Local governments received N131.04bn. The sum of N41.97bn 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 N4.59bn, N9.60bn and N1.58bn respectively as cost of revenue collections. 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N235.80bn was disbursed to the FGN consolidated revenue account; N4.95bn shared as share of derivation and ecology; N2.47bn as stabilization fund; N8.31bn for the development of natural resources; and N5.74bn to the Federal Capital Territory (FCT) Abuja.

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Click Here to Download FAAC September 2017 (PDF) Report 

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Latest 2017 NBS Reports 

Q4 2017

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

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

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

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

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

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

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

8.    Multiple Indicator Cluster Survey 2016-17

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

10.  835.58m Crude Oil Processed from 1997 to 2014

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

Q3 2017

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

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

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

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

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

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

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

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

20. 2,287 Drug Abuse Convictions Secured in 2016 - NBS

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

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

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

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

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

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

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

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

29. 870,397 Candidates Sat for NECO in June and July 2016

30. 3,457 Nigerians Repatriated from Abroad in 2016 – NBS

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

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

33. 2,503 Road Traffic Crashes Recorded in Q2 2017 - NBS

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

35.  7.59m Nigerians Are Registered Under the National Pension Scheme as at Q2’17 - NBS

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

37.  NBS Annual Abstract of Statistics 2016

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

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

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

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

Q2 2017

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

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

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

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

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

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

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

49. 125,790 Cases of Reported Offences Recorded in 2016 - NBS

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

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

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

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

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

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

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

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

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

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

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

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

62. Lagos, Rivers Top IGR for Full Year 2016

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

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

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

66. 2,556 Road Traffic Crashes Recorded in Q1 2017 - NBS

67.  FAAC Disburses N466.93bn in March 2017

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

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

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

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

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

73.  7.49m Nigerians Are Registered Under the National Pension Scheme As At Q1 2017 - NBS

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

Q1 2017

75.  11,363 Road Traffic Crashes Recorded in 2016 - NBS

76.  FAAC Disburses N514.15bn in February 2017

77.  FAAC Disburses N430.16bn in January 2017

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

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

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

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

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

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

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

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

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

87. JAMB Received 11.7m Applications Between 2010 and 2016

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

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

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

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

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

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

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

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

96. 4,296 Applications Were Received by NAFDAC for New Products Registration in 2016 - NBS

97.  19,833 Vessels Berthed At Nigerian Ports Between 2013 and 2016 - NBS

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

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

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

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

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

103. 10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS

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

105.  72.53% of Nigeria’s Prison Population in 2015 were Un-sentenced - NBS

106.  Lagos, Ogun Top IGR for H1 2016

 

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