FAAC Disburses N821.86bn in July 2018 – NBS

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Tuesday, August 14, 2018 12:55 PM /NBS 

The Federation Account Allocation Committee (FAAC) disbursed the sum of N821.86bn to the three tiers of government in July 2018 from the revenue generated in June 2018. 

The amount disbursed comprised of N687.35bn from the Statutory Account, N85.34bn from Valued Added Tax (VAT) and N7.32bn excess bank charges. 

Federal government received a total of N315.01bn from the N821.86bn. States received a total of N194.51bn and Local governments received N147.05bn. The sum of N42.85bn was shared among the oil producing states as 13% derivation fund  while N100.00bn was transferred to Excess crude Account(ECA). 

Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Department of Petroleum Resources (DPR) received N4.82bn, N12.21bn and N5.42bn respectively as cost of revenue collections. 

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N271.02bn was disbursed to the FGN consolidated revenue account; N5.75bn shared as share of derivation and ecology; N2.87bn as stabilization fund; N9.65bn for the development of natural resources; and N6.53bn to the Federal Capital Territory (FCT) Abuja.
 

Click Here to Download July 2018 FAAC PDF Report


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Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.



Latest 2018 NBS Reports 

Q3 2018

1.       FAAC Disburses N668.90bn in June 2018 – NBS

2.      4.79bn Litres of PMS Imported into Nigeria in Q2 2018 - NBS

3.      6,999 Products Were Presented for Registration Approval in 2017 - NBS

4.      Nigeria Produced 45.74m Tons of Solid Minerals in 2017 - NBS

5.      147,823 Domestic Passengers Moved by 41 Private Jet Operators in 2017 - NBS

6.      Average of 92,747MWh of Energy Generated Daily in Q1 2018

7.      GDP By Income and Expenditure Approach 2017 - Household Final Consumption Fell by -0.99% in 2017

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Q2 2018

8.     Average Price of 1kg of Yam Tuber Increased MoM by 4.93% to N305.70 - NBS

9.      Average Intracity Transport Fare Increased MoM by 1.53% to N168.90 - NBS

10.  Average Prices of PMS, AGO, HHK and Cooking Gas – June 2018

11.   Headline Inflation Drops to 11.23% in June 2018; 0.37% Lower Than May 2018 Rate

12.  134,663 Crime Cases Were Reported in 2017 - NBS

13.  FAAC Disburses N701.02bn in May 2018 - NBS

14.  Average Prices of 1kg of Tomato Increased MoM by 6.10% to N307.14 in May 2018 - NBS

15.   Average Water Transport Fare Increased By 0.57% MoM in May 2018 - NBS

16.  Headline Inflation Drops to 11.61% in May 2018; 0.87% Lower Than April 2018 Rate

17.   Average Prices of PMS, AGO, HHK and Cooking Gas – May 2018

18.  Merchandise Trade in Both Directions Grew Significantly in Q1 2018

19.  7.98m Workers Are Registered Under The Pension Scheme as at Q1 2018 - NBS

20. 5.67bn Litres of PMS Imported in Q1 2018 - NBS

21.  FAAC Disburses N638.09bn in April 2018 - NBS

22. 2,482 Road Traffic Crashes Occurred in Q1 2018 - NBS

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

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

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

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

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

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

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

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

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

32. 720,958 Passport Applications Received in 2017 - NBS

33. 309,713kg of Drug Seized in 2017 - NBS

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

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

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

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

38. 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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