FAAC Disburses N640.31bn in February 2021 - NBS

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Friday, June 11, 2021 09:00 PM / by NBS/ Header Image Credit:  NBS

 

The Federation Account Allocation Committee (FAAC) disbursed the sum of N640.31bn to the three tiers of government in February 2021 from the revenue generated in January 2021.

 

The amount disbursed comprised of N482.96bn from the Statutory Account and N157.35bn from Valued Added Tax (VAT).

 

Federal Government received a total of N227bn from the N640.31bn. States received a total of N177.17bn and Local Governments received N131.40bn. The sum of N28.78bn 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 N6.92bn, N11.40bn and N4.69bn respectively as cost of revenue collections.

 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N120.83bn was disbursed to the FGN consolidated revenue account; N3.89bn shared as share of derivation and ecology; N1.95bn as stabilization fund; N6.54bn for the development of natural resources; and N5.31bn to the Federal Capital Territory (FCT) Abuja.

 

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Latest 2021 NBS Reports

 

 

Q2 2021

1.      Active Voice Subscribers Declined by -5.96% QoQ in Q1 2021 - NBS

2.     Nigeria's Merchandise Trade Deficit Deepens in Q1 2021 Due to Rising Imports

3.     Average Prices of 1kg of Tomato Increased by 0.09% YoY in April 2021 - NBS

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5.     Nigeria's Real GDP Grew by 0.51% YoY in Q1 2021 - NBS

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8.     416 Movies Produced in Q1 2021 - NBS

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10.  N496.39bn Generated as VAT in Q1 2021 - NBS

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12.  Average Price of 1kg of Tomato Decreased by -0.64% MoM in March 2021 - NBS

13.  Average Fare for Bus Journey Within City Increased by 4.42% MoM in March 2021 - NBS

14.  N1.31trn Generated as IGR in 2020 - NBS

15.  Headline Inflation Increases by 18.17% YoY In March 2021, 0.82% Higher Than February 2021 Rate - NBS

16.  Average Prices of PMS, AGO, HHK and Cooking Gas - March 2021

17.  Real Household Consumption Expenditure Growth Rate Stood at 0.18% in 2020 - NBS

18.  All Commodity Group Import Index Grew By 0.13% in Q4 2020 - NBS

19.  38.60% of Nigeria's Total Public Debt Was External in Q4 2020 - NBS

 

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Q1 2021

20. Average Price of 1kg of Tomato Increased by 11.33% YoY in February 2021 - NBS

21.  Average Fare Paid by Commuters for Intercity Journey Increased by 1.13% MoM in February 2021 - NBS

22. FAAC Disburses N619.34bn in January 2021 - NBS

23. Average Prices of PMS, AGO, HHK and Cooking Gas - February 2021

24. Active Voice Subscribers Declined by -0.32% QoQ in Q4 2020 - NBS

25. Headline Inflation Increases by 17.33% YoY In February 2021, 0.86% Higher Than January 2021 Rate

26. Nigeria's Unemployment Rate Increases to 33.3% in Q4 2020 from 27.1% in Q2 2020 - NBS

27. Total Trade Higher By 8.9% in Q4 2020, Lower By 10.3% in FY 2020

28. Average Price of 1kg of Tomato Decreased by -6.59% MoM in January 2021

29. Average Prices of PMS, AGO, HHK and Cooking Gas - January 2021

30. Nigeria Exits Recession, Real GDP Grew by 0.11% in Q4 and -1.92% in Full Year 2020

31.  Headline Inflation Increases by 16.47% YoY In January 2021, 0.71% Higher Than December 2020 Rate

32. FAAC Disburses N2.49trn to FG and N2.30trn to States in Year 2020 - NBS

33. FAAC Disburses N601.11bn in December 2020 - NBS

34. FAAC Disburses N604.00bn in November 2020 - NBS

35. Total Value of Capital Importation into Nigeria Stood at US$1,069.68m in Q4 2020 - NBS

36. N295.72bn Generated as Company Income Tax in Q4 2020 - NBS

37. N454.69bn Generated as Value Added Tax in Q4 2020 - NBS

38. Average Price of 1kg of Tomato Increases by 17.51% YoY in December 2020 - NBS

39. Average Air Fare Increases by 18.54% YoY in December 2020 - NBS

40. Average Prices of PMS, AGO, HHK and Cooking Gas - December 2020

41.  Headline Inflation Increases by 15.75% YoY In December 2020, 0.86% Higher Than November 2020 Rate

42. 62.18% of Nigeria's Total Public Debt as of Q3 2020 Was Domestic - NBS

43. Active Voice Subscribers Grew by 4.59% in Q3 2020 - NBS



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