FAAC Disburses N812.76bn in December 2018 - NBS

Proshare

Friday, January 18 2019 05:20 PM / NBS   

 

The Federation Account Allocation Committee (FAAC) disbursed the sum of N812.76bn to the three tiers of government in December 2018 from the revenue generated in November 2018. 

The amount disbursed comprised of N649.63bn from the Statutory Account, N92.08bn from Valued Added Tax (VAT), N1.05bn exchange gain allocation and the distribution of N70bn from the FOREX equalisation fund. 

Federal government received a total of N326.75bn from the N812.76bn. States received a total of N203.21bn and Local governments received N153.53bn. The sum of N57.09bn 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 N5.01bn, N9.65bn and N3.53bn respectively as cost of revenue collections. 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N268.65bn was disbursed to the FGN consolidated revenue account; N5.95bn shared as share of derivation and ecology; N2.98bn as stabilization fund; N9.99bn for the development of natural resources; and N6.79bn to the Federal Capital Territory (FCT) Abuja.

 

Click Here to Download December 2018 FAAC PDF Report

 

Latest 2019 NBS Reports

Proshare Nigeria Pvt. Ltd.

Q1 2019 

1.       Average Price of 1kg of Tomato Decreased By -7.76% MoM To N294.36

2.      Average Within City Bus Journey Fare Decreased By -5.64% MoM To N181.61

3.      Headline Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher Than November 2018 Rate

4.      Average Prices of PMS, AGO, HHK and Cooking Gas – December 2018

 

Latest 2018 NBS Reports

Proshare Nigeria Pvt. Ltd.

Q4 2018 

5.      Average Prices of PMS, AGO, HHK and Cooking Gas – December 2018

6.      N273.50bn Generated as VAT in Q3 2018 - NBS

7.      FAAC Disburses N698.71bn in October 2018 - NBS

8.     NBS Publishes 2017 Social Statistics Report

9.      All Region Terms of Trade Index Rose Marginally By 0.10% - NBS

10.  FAAC Disburses N788.14bn in November 2018 - NBS

11.   Average Price of 1kg of Tomato Increased By 2.79% YoY to N294.36 in November 2018 - NBS

12.  Average Intercity Fare Decreased By -1.54% MoM to N1790.14 in November 2018 - NBS

13.  Average Prices of PMS, AGO, HHK and Cooking Gas – November 2018

14.  Unemployment Rate Rises to 23.1% in Q3 2018 from 18.8% in Q3 2017

15.   Headline Inflation Increases By 11.28% YoY in November 2018; 0.02% Higher Than October 2018 Rate

16.  Total Value of Capital Imported Into Nigeria Stood At $2,855.21m in Q3 2018

17.   Nigeria’s Merchandise Trade Rose Significantly in Q3, 2018

18.  Nigeria’s GDP Grew By 1.81% YoY in Real Terms in Q3 2018 From 1.50% in Q2 2018

19.  An Average of 78,917MWh of Power Generated in Q3 2018 - NBS

20. Banking Sector Records 5.29bn Volume of Transactions in Q3 2018 - NBS

21.  4.37bn Litres of PMS Imported into Nigeria in Q3 2018 - NBS

22. States Generate N579.49bn as IGR in H1 2018 - NBS

23. FAAC Disburses N741.84bn in September 2018 - NBS

24. Average Intercity Bus Fare Increased By 0.24% MoM - NBS

25.  Average Prices of PMS, AGO, HHK and Cooking Gas – October 2018

26. Headline Inflation Moderates To 11.26% (YoY) in October 2018; 2bps Lower Than September 2018

27.  NBS Publishes 11 States Nominal GDP from 2013 to 2017

28. Average Price of 1kg of Yam Tuber Decreased by 4.3% MoM to N280.28 in September 2018 - NBS

29. Average Airfare Paid by Passengers Increased by 0.15% MoM to N32,378.92 - NBS

30. Headline Inflation Increased by 11.28% in September 2018; 0.05 Higher Than August 2018 Rate

31.  Average Prices of PMS, AGO, HHK and Cooking Gas – September 2018

32. NBS Publishes 2016 Human Development Indices for UNDP Nigeria Human Development Report
READ MORE:
Related News
SCROLL TO TOP