Thursday, March 12,2020 01:30 PM / NBS/ Header Image Credit: NBS
The Federation Account Allocation Committee (FAAC)disbursed the sum of N2.93trn to the Federal Government of Nigeria in 2019. Thehighest Net Allocation were disbursed in the months of July and September with275.03bn and 266.49bn respectively while the least amount disbursed to theFederal Government of Nigeria in 2019 where in May and March with 219.51bn and223.28bn in that order.
The total Net FAAC Allocation to State Governmentsstood at N2.47trn, Delta and Akwa Ibom States received the highest allocationof N219.28bn and N171.98bn respectively in 2019 while Osun and Cross RiverStates received the least allocation of N24.22bn and N36.31bn in that order.
The total Net FAAC Allocation to Local GovernmentsCouncils stood at N1.64trn in 2019, Lagos and Kano States received the highestallocation of N104.97bn and N92.16bn respectively in 2019 while Bayelsa andGombe States received the least allocation of N18.99bn and N23.80bn inrespectively.
Click Here to Download 2019FAAC Series PDF Report
Latest2020 NBS Reports
Q1 2020
- Total Value of Capital Imported in Q4 2019 Stood At $3,802.38m - NBS
- FAAC Disburses N650.83bn in December 2019 - NBS
- Nigeria's Merchandise Trade Grew in Q4 2019; Imports Rose Faster Exceeding Falling Exports
- Nigeria's GDP Grew By 2.55% in Real Terms in Q4 2019 and 2.27% in Full Year 2019
- Average Prices of 1kg of Tomato Decreased By -10.65% YoY to N237.22 in Jan 2020 - NBS
- Average Prices Of PMS, AGO, HHK and Cooking Gas - January 2020
- Headline Inflation Increases By 12.13% YoY In January 2020; 0.15% Higher Than December 2019 Rate
- N293.80bn Generated as IGR in Q3 2019 - NBS
- Nigeria's Total Public Debt Stood At N26.14trn in Q3 2019 - NBS
- Average Intercity Fare Increases By 1.43% MoM To N1, 666.57 In December 2019
- Average Price of 1kg of Tomato Decrease YoY by -2.80% To N263.90 In December 2019
- All Commodity Group Index Grew By 2.48% in Q3 2019
- Average Prices Of PMS, AGO, HHK and Cooking Gas - December 2019
- Headline Inflation Increases By 11.98% YoY In December 2019; 0.13% Higher Than November 2019 Rate