FAAC Disburses N682.06bn in September 2020 - NBS

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Friday, October 29, 2020 06:50 AM / NBS/ Header Image Credit:   NBS

  

 The Federation Account Allocation Committee (FAAC) disbursed the sum of N682.06bn to the three tiers of government in September 2020 from the revenue generated in August 2020. 

  

The amount disbursed comprised of N531.83bn from the Statutory Account and N150.23bn from Valued Added Tax (VAT). 

  

Federal Government received a total of N272.90bn from the N682.06bn. States received a total of N197.65bn and Local Governments received N147.42bn. The sum of N30.88bn 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 N6.66bn, N13.48bn and N5.70bn respectively as cost of revenue collections. 

  

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N196.56bn was disbursed to the FGN consolidated revenue account; N4.78bn shared as share of derivation and ecology; N2.39bn as stabilization fund; N8.03bn for the development of natural resources; and N6.12bn to the Federal Capital Territory (FCT) Abuja. 

 

 Click Here to Download September 2020 FAAC PDF Report 

 

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Latest 2020 NBS Reports 

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Q4 2020 

1.     Average Prices of 1kg of Rice Increased By 39.07% YoY in September 2020 - NBS 

2.     Average Fare Paid for Intercity Bus Increased By 24.30% YoY in September 2020 - NBS 

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1.     2,080 Road Traffic Crashes Occurred in Q2 2020 - NBS 

2.     33,448,633MWh of Energy Generated in 2019 - NBS 

3.     FAAC Disburses N676.41bn in August 2020 - NBS 

4.     FAAC Disburses N696.18bn in July 2020 - NBS 

5.     Average Price of 1kg of Rice Increased By 40.69% YoY in August 2020 - NBS 

6.     Average Fare For Bus Journey Within City Increased By 12.70% MoM in August 2020 - NBS 

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8.     Headline Inflation Increases By 13.22% YoY In August 2020; 0.40% Higher Than July 2020 Rate 

9.     Nigeria's Total Public Debt Stood At N31.01trn in Q2 2020 - NBS 

10.  Banking Sector Records 2.16bn Volume of Transaction in Q2 2020 - NBS 

11.  FAAC Disburses N547.31bn in June 2020 - NBS 

12.  Nigeria's Merchandise Trade Falls Steeply in Q2 2020 Due to Sharp Drop in Exports 

13.  FAAC Disburses N606.19bn in May 2020 - NBS 

14.  Total Value of Capital Imported into Nigeria Stood At $1,294.94m in Q2 2020 - NBS 

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16.  Nigeria's GDP Contracts by -6.10% YoY in Real Terms in Q2 2020 - NBS 

17.  Average Price of 1kg of Tomato Increased By 3.24% MoM in July 2020 - NBS 

18.  Average Fare Paid By Commuters for Motorcycle Journey Increased By 9.06% MoM in July 2020 

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20.  Headline Inflation Increases By 12.82% YoY In July 2020; 0.26% Higher Than June 2020 Rate 

21.  Nigeria's Unemployment Rate Moves Up to 27.1% in Q2 2020 from 23.1% in Q3 2018 - NBS 

22.  N651.77bn Generated as VAT in H1 2020 - NBS 

23.  Average Prices of 1kg of Tomato Increased By 30.25% YoY in June 2020 - NBS 

24.  Average Fare for Bus Journey Within City Increased By 3.36% MoM to N229.94 in June 2020 - NBS 

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27.  Nigeria's Total Public Debt Stood At N28.63trn in Q1 2020 - NBS 

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1.     5.26bn Litres of PMS Imported Into Nigeria in Q1 2020 - NBS 

2.     All Commodity Group Import Index Decreased By 0.84% in Q1 2020 

3.     Average Price of 1kg of Rice Increased By 28.18% YoY in May 2020 - NBS 

4.     Average Fare Paid By Commuters for Bus Journey Within City Decreased By -0.56% MoM in May 2020 - NBS 

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17.  Headline Inflation Increases By 12.34% YoY In April 2020; 0.08% Higher Than March 2020 Rate 

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23.  Average Price of 1kg of Rice Increased By 21% YoY to N438.66 In March 2020 

24.  Average Transport Fare Paid By Commuters Within City Increased By 1.89% MoM in March 2020 

25.  Average Prices of PMS, AGO, HHK and Cooking Gas - March 2020 

26.  Headline Inflation Increases By 12.26% YoY In March 2020; 0.06% Higher Than February 2020 Rate 

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1.     Banking Sector Records 893.68m Volume of Transaction in Q4 2019 - NBS 

2.     Active Voice Subscription Grew By 3.08% in Q4 2019 - NBS 

3.     All Commodity Group Import Index Fell by 3.27% Due Mainly to Declines in the Prices of Goods 

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18.  Nigeria's Total Public Debt Stood At N26.14trn in Q3 2019 - NBS 

19.  Average Intercity Fare Increases By 1.43% MoM To N1, 666.57 In December 2019 

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21.  All Commodity Group Index Grew By 2.48% in Q3 2019 

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