FAAC Disburses N696.18bn in July 2020 - NBS

Tuesday, September 22, 2020 06:30 AM / NBS/ Header Image Credit:  NBS

The Federation Account Allocation Committee (FAAC) disbursed the sum of N696.18bn to the three tiers of government in July 2020 from the revenue generated in June 2020.

The amount disbursed comprised of N474.53bn from the Statutory Account, N128.83bn from Valued Added Tax (VAT), N42.83bn from Exchange Gain Differences and Distribution of N50bn from Non-Oil Revenue for the Month.

Federal Government received a total of N266.13bn from the N696.18bn. States received a total of N185.77bn and Local Governments received N138.97bn. The sum of N28.50bn 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 N6.32bn, N15.05bn and N2.68bn respectively as cost of revenue collections.

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N204.44bn was disbursed to the FGN consolidated revenue account; N4.71bn shared as share of derivation and ecology; N2.36bn as stabilization fund; N7.91bn for the development of natural resources; and N5.87bn to the Federal Capital Territory (FCT) Abuja.

Click Here to Download July 2020 FAAC PDF Report

Latest 2020 NBS Reports

Q3 2020

1. Average Price of 1kg of Rice Increased By 40.69% YoY in August 2020 - NBS
2. Average Fare For Bus Journey Within City Increased By 12.70% MoM in August 2020 - NBS
3. Average Prices of PMS, AGO, HHK and Cooking Gas - August 2020
4. Headline Inflation Increases By 13.22% YoY In August 2020; 0.40% Higher Than July 2020 Rate
5. Nigeria's Total Public Debt Stood At N31.01trn in Q2 2020 - NBS
6. Banking Sector Records 2.16bn Volume of Transaction in Q2 2020 - NBS
7. FAAC Disburses N547.31bn in June 2020 - NBS
8. Nigeria's Merchandise Trade Falls Steeply in Q2 2020 Due to Sharp Drop in Exports
9. FAAC Disburses N606.19bn in May 2020 - NBS
10. Total Value of Capital Imported into Nigeria Stood At $1,294.94m in Q2 2020 - NBS
11. 612,547kg of Drugs Seized in 2019 - NBS
12. Nigeria's GDP Contracts by -6.10% YoY in Real Terms in Q2 2020 - NBS
13. Average Price of 1kg of Tomato Increased By 3.24% MoM in July 2020 - NBS
14. Average Fare Paid By Commuters for Motorcycle Journey Increased By 9.06% MoM in July 2020
15. Average Prices of PMS, AGO, HHK and Cooking Gas - July 2020
16. Headline Inflation Increases By 12.82% YoY In July 2020; 0.26% Higher Than June 2020 Rate
17. Nigeria's Unemployment Rate Moves Up to 27.1% in Q2 2020 from 23.1% in Q3 2018 - NBS
18. N651.77bn Generated as VAT in H1 2020 - NBS
19. Average Prices of 1kg of Tomato Increased By 30.25% YoY in June 2020 - NBS
20. Average Fare for Bus Journey Within City Increased By 3.36% MoM to N229.94 in June 2020 - NBS
21. Average Prices of PMS, AGO, HHK and Cooking Gas - June 2020
22. Headline Inflation Increases By 12.56% YoY In June 2020; 0.16% Higher Than May 2020 Rate
23. Nigeria's Total Public Debt Stood At N28.63trn in Q1 2020 - NBS
24. NBS Publishes National Living Standard Survey 2018-19 Report
25. Active Voice Subscription Grew By 2.48% in Q1 2020 - NBS

Q2 2020

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
5. Average Prices of PMS, AGO, HHK and Cooking Gas - May 2020
6. Headline Inflation Increases By 12.40% YoY In May 2020; 0.06% Higher Than April 2020 Rate
7. Nigeria's Merchandise Trade Slowed in Q1 2020 Due to Declines in Both Imports and Exports
8. 11,072 Road Traffic Crashes Occurred in 2019 - NBS
9. FAAC Disburses N780.93bn in April 2020 - NBS
10. FAAC Disburses N581.57bn in March 2020 - NBS
11. Average Price of 1kg of Rice Increased MoM By 7.56% in April 2020 - NBS
12. Average Air Passengers Fare Was Flat MoM in April 2020 - NBS
13. Total Value of Capital Importation into Nigeria Stood At $5,854.38m in Q1 2020 - NBS
14. Nigeria's GDP Grew By 1.87% YoY in Real Terms in Q1 2020
15. Average Prices of PMS, AGO, HHK and Cooking Gas - April 2020
16. N1.33trn Generated As IGR in 2019 - NBS
17. Headline Inflation Increases By 12.34% YoY In April 2020; 0.08% Higher Than March 2020 Rate
18. 20.89bn Litres of PMS Imported Into Nigeria in 2019 - NBS
19. N338.94bn Generated As VAT in Q1 2020 - NBS
20. Total Household Expenditure on Food and Non-food Was Put At N40.21bn in 2019 - NBS
21. Poverty and Inequality in Nigeria 2019: 40% of Total Population Classified as Poor
22. GDP By Income and Expenditure Approach Q4 2019 - Household Final Consumption Declined by -2.40%
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
27. Nigeria's Total Public Debt Stood At N27.40trn in Q4 2019 - NBS
28. FAAC Disburses N647.35bn in February 2020 - NBS

Q1 2020

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
4. Average Prices of 1kg of Tomato Decreased By -10.65% YoY to N237.22 in Jan 2020 - NBS
5. Average Fare Paid By Commuters For Bus Journey Intercity Increased By 0.91% MoM in February 2020
6. Average Prices Of PMS, AGO, HHK and Cooking Gas - February 2020
7. Headline Inflation Increases By 12.20% YoY In February 2020; 0.07% Higher Than January 2020 Rate
8. FAAC Disburses N716.30bn in January 2020 - NBS
9. FAAC Disburses N2.93trn to FG in 2019 - NBS
10. Total Value of Capital Imported in Q4 2019 Stood At $3,802.38m - NBS
11. FAAC Disburses N650.83bn in December 2019 - NBS
12. Nigeria's Merchandise Trade Grew in Q4 2019; Imports Rose Faster Exceeding Falling Exports
13. Nigeria's GDP Grew By 2.55% in Real Terms in Q4 2019 and 2.27% in Full Year 2019
14. Average Prices of 1kg of Tomato Decreased By -10.65% YoY to N237.22 in Jan 2020 - NBS
15. Average Prices Of PMS, AGO, HHK and Cooking Gas - January 2020
16. Headline Inflation Increases By 12.13% YoY In January 2020; 0.15% Higher Than December 2019 Rate
17. N293.80bn Generated as IGR in Q3 2019 - NBS
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
20. Average Price of 1kg of Tomato Decrease YoY by -2.80% To N263.90 In December 2019
21. All Commodity Group Index Grew By 2.48% in Q3 2019
22. Average Prices Of PMS, AGO, HHK and Cooking Gas - December 2019
23. Headline Inflation Increases By 11.98% YoY In December 2019; 0.13% Higher Than November 2019 Rate