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FAAC Disburses N638.09bn in April 2018 - NBS

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Thursday, May 24, 2018 /09:35 AM / NBS 

The Federation Account Allocation Committee (FAAC) disbursed the sum of N638.09bn to the three tiers of government in April 2018 from the revenue generated in March 2018. 

The amount disbursed comprised of N480.59bn from the Statutory Account, N62.53bn from FOREX Equalisation , N11.27bn from NNPC and N83.70bn from Valued Added Tax (VAT). 

Federal Government received a total of N268.27bn from the N638.09bn shared. States received a total of N170.13bn and Local Governments received N128.32bn. The sum of N55.98bn 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 N4.14bn, N5.49bn and N3.67bn respectively as cost of revenue collections. 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N227.98bn was disbursed to the FGN consolidated revenue account; N4.86bn shared as share of derivation and ecology; N2.43bn as stabilization fund; N8.17bn for the development of natural resources; and N5.63bn to the Federal Capital Territory (FCT) Abuja. 

Click Here to Download April 2018 FAAC PDF Report


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Latest 2018 NBS Reports 

Q2 2018

1.       2,482 Road Traffic Crashes Occurred in Q1 2018 - NBS

2.      Nigeria’s GDP Grew in Real Terms by 1.95% in Q1 2018

3.      N269.79bn Generated as VAT in Q1 2018 - NBS

4.      Average Price of 1kg of Tomato Increased by 8.38% MoM in April 2018 - NBS

5.      Average Fare for Bus Journey Within City Increased by 3.88% MoM in April 2018 - NBS

6.      Headline Inflation Drops to 12.48% in April 2018; 0.86% Lower Than March 2018 Rate

7.      Average Prices of PMS, AGO, HHK and Cooking Gas – April 2018

8.     Total Value of Capital Imported in Q1 2018 Stood at $6,303.63m - NBS

9.      Banking Sector Records 457.23m Volume of Transactions in Q1 2018 - NBS

10.  FAAC Disburses N647.39bn in March 2018 –NBS

11.   720,958 Passport Applications Received in 2017 - NBS

12.  309,713kg of Drug Seized in 2017 - NBS

13.  Average Intercity Bus Fare Decreased by -5.63% MoM in March 2018

14.  Average Price of Tomato Decreased by -0.58% YoY in March 2018

15.   Headline Inflation Drops to 13.34% in March 2018; 0.99% Lower Than February 2018 Rate

16.  Average Prices of PMS, AGO, HHK and Cooking Gas – March 2018

17.   Updated 2017 IGR Report – Osun State Grows IGR by 32.04% in FY 2017

 

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Q1 2018

1.       FAAC Disburses N635.55bn in February 2018 - NBS

2.      Lagos State Has The Highest Domestic and Foreign Debts as at December 2017 - NBS

3.      States Generate N931.23bn as IGR in 2017 - NBS

4.      Average Air Fare Increased by 1.47% MoM in February 2018 - NBS

5.      Average Price of 1kg of Yam Tuber Increased by 7.10% YoY in February 2018 - NBS

6.      Headline Inflation Drops to 14.33% in February 2018; 0.8% Lower Than January 2018 Rate

7.      Average Prices of PMS, AGO, HHK and Cooking Gas – February 2018

8.     Lagos, Abuja, Port Harcourt, Owerri and Kano Airports Served Over 92% of Total Passengers in Q4 2017

9.      4,175 Ocean Going Vessels Recorded at Nigerian Ports in 2017

10.  Total Value of Capital Imported into Nigeria in Q4 2017 Estimated at $5,382.89m - NBS

11.   Nigeria’s GDP Grows in Real Terms by 1.92% in Q4 and 0.83% for Full Year 2017

12.  FAAC Disburses N655.18bn in January 2018 – NBS

13.  N254.10bn Generated as VAT in Q4 2017 – NBS

14.  Total Active Voice Subscription Increased by 3.69% in Q4 2017 – NBS

15.   18.36bn Litres of PMS Distributed State-wide in 2017 – NBS

16.  5.84m Students Enrolled in Junior Secondary Schools in 2016 - NBS

17.   2,489 Road Traffic Crashes Occurred in Q4 2017 - NBS

18.  Average Air Fare Increased by 7.34% YoY in January 2018 - NBS

19.  Headline Inflation Drops to 15.13% in January 2018; 0.24% Lower Than 15.37% December Rate

20. Average Prices of PMS, AGO, HHK and Cooking Gas – January 2018

21.  7.82m Workers Are Registered Under the Pension Scheme as at Q4 2017 - NBS

22. Daily Energy Generation Attained a Peak of 94,627MWh in Q4 2017 - NBS

23. Banking Sector Records 461.98m Volume of Transactions in Q4 2017 - NBS

24. 77.5m Persons Engaged in Some Sort of Economic Activities in Q3 2017 - NBS

25.  Average Fare Paid by Passengers for Water Transport Increased by 6.05% MoM to N631.55 in Dec 2017

26.  Average Price of 1kg of Yam Tuber Decreased by -3.67% YoY to N211.61 in December 2017 - NBS

27.  Headline Inflation Drops to 15.37% in December 2017; 0.53% Lower Than 15.90% November Rate

28.  Average Prices of PMS, AGO, HHK and Cooking Gas – December 2017

29.  Active Voice Subscribers Dropped by 8.73% in Q3 2017 – NBS

30.  Inequality in Nigeria Worsened Between 2004 and 2013 But Improved in 2016 – NBS

31.   FAAC Disburses N609.96bn in December 2017 – NBS

 

 

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