Tuesday, June 02, 2020  06:00 PM / NBS/ Header Image Credit:  NBS

The Federation Account Allocation Committee (FAAC) disbursed the sum of N780.93bn to the three tiers of government in April 2020 from the revenue generated in March 2020.

The amount disbursed comprised of N478.18bn from the Statutory Account, N119.50bn from Excess Oil Revenue, N120.27bn from Valued Added Tax (VAT) and N62.98bn from Exchange Gain Differences.

Federal Government received a total of N264.33bn from the N780.93bn. States received a total of N181.49bn and Local Governments received N135.95bn. The sum of N54.29bn 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 N6.09bn, N10.20bn and N5.74bn respectively as cost of revenue collections.

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N202.94bn was disbursed to the FGN consolidated revenue account; N4.70bn shared as share of derivation and ecology; N2.35bn as stabilization fund; N7.89bn for the development of natural resources; and N5.78bn to the Federal Capital Territory (FCT) Abuja.

Click Here to Download April 2020 FAAC PDF Report

Latest 2020 NBS Reports

Q2 2020

1. FAAC Disburses N581.57bn in March 2020 - NBS
2. Average Price of 1kg of Rice Increased MoM By 7.56% in April 2020 - NBS
3. Average Air Passengers Fare Was Flat MoM in April 2020 - NBS
4. Total Value of Capital Importation into Nigeria Stood At $5,854.38m in Q1 2020 - NBS
5. Nigeria's GDP Grew By 1.87% YoY in Real Terms in Q1 2020
6. Average Prices of PMS, AGO, HHK and Cooking Gas - April 2020
7. N1.33trn Generated As IGR in 2019 - NBS
8. Headline Inflation Increases By 12.34% YoY In April 2020; 0.08% Higher Than March 2020 Rate
9. 20.89bn Litres of PMS Imported Into Nigeria in 2019 - NBS
10. N338.94bn Generated As VAT in Q1 2020 - NBS
11. Total Household Expenditure on Food and Non-food Was Put At N40.21bn in 2019 - NBS
12. Poverty and Inequality in Nigeria 2019: 40% of Total Population Classified as Poor
13. GDP By Income and Expenditure Approach Q4 2019 - Household Final Consumption Declined by -2.40%
14. Average Price of 1kg of Rice Increased By 21% YoY to N438.66 In March 2020
15. Average Transport Fare Paid By Commuters Within City Increased By 1.89% MoM in March 2020
16. Average Prices of PMS, AGO, HHK and Cooking Gas - March 2020
17. Headline Inflation Increases By 12.26% YoY In March 2020; 0.06% Higher Than February 2020 Rate
18. Nigeria's Total Public Debt Stood At N27.40trn in Q4 2019 - NBS
19. 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