Pension Asset and Membership Data Q1 2018
(Financial)
Petroleum Products Imports and Consumption (Truck Out) Statistics (Q1 2018)
(Petroleum )
Federation Account Allocation Committee (FAAC) (April 2018 Disbursement)
(Financial)
Road Transport Data (Q1 2018)
(Transport)
Nigerian Gross Domestic Product Report (Q1 2018 )
(GDP Quarterly Reports)
Sectoral Distribution Of Value Added Tax (Q1 2018)
(Financial)
Selected Food Prices Watch (April 2018)
(Agriculture)
Transport Fare Watch (April 2018)
(Transport)
CPI and Inflation Report April 2018
(CPI and Inflation Reports)
Oil and Gas Exploration Data 2014 - 2017
(Petroleum )
SUMMARY OF FEDERALLY COLLECTED REVENUE: JANUARY -JULY, 2017 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITEMS | APPROVED BUDGET, 2017 | January | February | March | April | May | June | July | Cummulative | Variance | % Variance | ||
Annual(a) | Expected Monthly Average(b) | Expected Jan-July(c=b*7) | Jan-July 2017 (d) | (e=d-c) | Jan-July | ||||||||
=N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | ||
OIL REVENUE | |||||||||||||
NNPC | |||||||||||||
Crude Oil Sales | 1,683.288 | 140.274 | 981.918 | 95.281 | 164.727 | 200.939 | 154.588 | 153.714 | 111.022 | 188.149 | 1,068.420 | 86.502 | 8.809 |
Gas Sales | 544.468 | 45.372 | 317.606 | 5.110 | 1.185 | 3.979 | 29.358 | 2.230 | 14.283 | 29.689 | 85.834 | (231.772) | (72.975) |
Royalties Oil & Gas | 899.824 | 74.985 | 524.895 | 40.572 | 37.122 | 28.609 | 57.923 | 22.944 | 34.548 | 41.593 | 263.311 | (261.584) | (49.835) |
Rent | 1.678 | 0.140 | 0.980 | 0.013 | 0.002 | 0.008 | 0.007 | 0.017 | 0.013 | 0.044 | 0.104 | (0.876) | (89.388) |
Gas Flared Penalty | 4.727 | 0.394 | 2.758 | 0.395 | 0.095 | 0.242 | 0.082 | 0.146 | 0.253 | 0.184 | 1.397 | (1.361) | (49.347) |
Misccellaneus, Pipeline fees, etc. | 951.636 | 0.488 | 3.416 | 0.386 | 0.375 | 0.373 | 0.374 | 0.528 | 2.108 | 2.669 | 6.813 | 3.397 | 99.444 |
FIRS | - | - | - | - | - | ||||||||
PPT & Gas Tax @CITA Rate | 1,248.828 | 104.069 | 728.483 | 64.227 | 82.979 | 71.866 | 54.765 | 58.507 | 91.800 | 100.106 | 524.250 | (204.233) | (28.035) |
Total Gross Oil Revenue | 5334.449 | 444.537 | 3111.759 | 205.984 | 286.485 | 306.016 | 297.097 | 238.086 | 254.027 | 362.434 | 1,950.129 | (1,161.630) | (37.330) |
NON-OIL REVENUE | - | - | |||||||||||
Excise & Fees, import duty & other Customs Rev | 717.144 | 59.762 | 418.334 | 50.993 | 51.229 | 41.948 | 54.809 | 43.469 | 52.389 | 54.003 | 348.840 | (69.494) | (16.612) |
Companies Income Tax & Other Taxes | 1,742.048 | 145.171 | 1,016.197 | 52.086 | 70.247 | 36.619 | 48.228 | 52.941 | 105.206 | 284.848 | 650.175 | (366.022) | (36.019) |
Total Gross Non-Oil Revenue | 2459.192 | 204.933 | 1434.531 | 103.079 | 121.476 | 78.567 | 103.037 | 96.410 | 157.595 | 338.851 | 999.015 | (435.516) | (30.359) |
Gross Revenue (Fed. Acct) | 7793.641 | 649.47 | 4546.29 | 309.063 | 407.961 | 384.583 | 400.134 | 334.496 | 411.622 | 701.285 | 2,949.144 | (1,597.146) | (35.131) |
Net Federation Acct. Revenue after All Deductions (Distributable) | 6,785.074 | 565.423 | 3,957.961 | 200.760 | 252.834 | 223.198 | 259.124 | 236.224 | 280.338 | 521.816 | 1,974.294 | (1,983.667) | (50.118) |
FEDERATION INCOME AND DISTRIBUTION FOR JUNE, 2017 PROVISIONAL | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
S/NO | ITEMS | APPROVED BUDGET, 2017 | January | February | March | April | May | June | July | Cummulative | Variance | % Variance | ||
Annual (a) | Expected Monthly Average(b) | Expected Jan-July(c=b*7) | ||||||||||||
₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | |||
1 | OIL REVENUE | |||||||||||||
2 | NNPC: | |||||||||||||
3 | Crude Oil Sales Export | 1,683.288 | 140.274 | 981.918 | 34.483 | 33.710 | 33.133 | 22.093 | 13.850 | 37.089 | 42.566 | 1,068.420 | 86.502 | 8.099 |
4 | Crude Oil Sales Domestics | 60.798 | 131.017 | 167.806 | 132.495 | 139.864 | 73.933 | 145.583 | ||||||
5 | Gas Sales (HLNG feedstock sales $ upstream Liquid Gas) | 544.468 | 45.372 | 317.604 | 5.110 | 1.185 | 3.979 | 29.358 | 2.230 | 14.283 | 29.689 | 85.834 | (231.772) | (72.878) |
6 | Oil Royalties & Gas Royalties | 899.824 | 74.985 | 524.895 | 40.572 | 37.122 | 28.609 | 57.923 | 22.944 | 34.548 | 41.593 | 263.311 | (261.586) | (49.836) |
7 | Rent | 1.678 | 0.140 | 0.980 | 0.013 | 0.002 | 0.008 | 0.007 | 0.017 | 0.013 | 0.044 | 0.104 | (0.875) | (83.372) |
8 | Gas flared Penalty | 4.727 | 0.394 | 2.758 | 0.395 | 0.095 | 0.242 | 0.082 | 0.146 | 0.253 | 0.184 | 1.397 | (1.361) | (49.306) |
Licenses & Early License Renewal | 945.780 | 78.815 | 551.705 | - | (551.705) | (100.000) | ||||||||
9 | Other Oil and Gas Revenue | 5.856 | 0.488 | 3.416 | 0.389 | 0.375 | 0.373 | 0.374 | 0.528 | 2.108 | 2.669 | 6.813 | 3.397 | 90.444 |
10 | TOTAL OIL REVENUE - NNPC | 4,085.621 | 340.468 | 2,383.276 | 141.760 | 203.506 | 234.150 | 242.332 | 179.579 | 162.227 | 262.328 | 1,425.879 | (957.400) | (40.172) |
11 | FIRS | |||||||||||||
12 | PPT & Gas income @30% CITA | 1,248.828 | 104.069 | 728.483 | 64.227 | 82.979 | 71.866 | 54.765 | 58.507 | 91.800 | 100.106 | 524.250 | (204.233) | (28.925) |
13 | TOTAL OIL REVENUE -FIRS + NNPC | 1,248.828 | 104.069 | 728.483 | 64.227 | 82.979 | 71.866 | 54.765 | 58.507 | 91.800 | 100.106 | 524.250 | (204.233) | (28.925) |
14 | GROSS OIL REVENUE | 5,334.449 | 444.537 | 3,111.759 | 205.987 | 286.485 | 306.016 | 297.097 | 238.086 | 254.027 | 362.434 | 1,950.129 | (1,161.633) | (27.230) |
15 | DEDUCTIONS | |||||||||||||
16 | DPR const of collection | - | 2.545 | 2.314 | 1.736 | 3.610 | 1.445 | 2.238 | 1.779 | 15.667 | (15.667) | |||
17 | Transfer of Lagos State 13% Derivation | - | 0.087 | 0.109 | 0.196 | (0.196) | ||||||||
18 | Joint Venture Cash calls | - | 60.350 | 82.882 | 94.421 | 68.554 | 60.386 | 94.060 | 130.703 | 591.356 | (591.356) | |||
19 | National Domestic Gas Development | - | - | - | - | |||||||||
20 | Gas infrastructure Development & other gas Expenses | 289.751 | 24.146 | 169.022 | - | 169.021 | 100.000 | |||||||
NESS Fees | 15.250 | 1.271 | 8.897 | - | 8.896 | 100.000 | ||||||||
21 | Under remittance of funds by NNPC | - | - | - | - | |||||||||
22 | Arrears of 2015 subsidy on Domestic consumption | - | - | - | - | |||||||||
23 | Transfer to Excess crude oil on PPT from oil | - | 23.832 | 42.584 | 31.471 | 17.282 | 1.995 | 117.165 | (117.165) | |||||
24 | Transfer to excess crude oil Royalty Proceeds ACCT | - | 14.370 | 14.370 | (14.370) | |||||||||
25 | Crude Oil Pre-Export inspection Agency Expense | - | ||||||||||||
26 | TOTAL DEDUCTIONS | 305.001 | 25.417 | 177.919 | 86.727 | 127.867 | 127.628 | 103.816 | 63.935 | 96.298 | 132.482 | 738.754 | (560.837) | (315.223) |
27 | NET OIL REV. AFTER FIRST LINE CHARGES | 5,029.448 | 419.121 | 2,933.845 | 119.257 | 158.618 | 178.388 | 193.281 | 174.150 | 157.729 | 229.952 | 1,211.375 | (1,722.470) | (58.710) |
28 | 13% Derivation of Net Oil Revenue | 653.828 | 54.486 | 381.402 | 15.504 | 20.620 | 23.191 | 25.126 | 22.640 | 20.505 | 29.893 | 157.479 | 223.921 | 58.710 |
29 | NET OIL REV. AFTER DERIVATION | 4,375.620 | 364.635 | 2,552.445 | 103.753 | 137.998 | 155.197 | 168.155 | 151.510 | 137.224 | 200.059 | 1,053.896 | (1,498.549) | (58.710) |
30 | NON OIL REVENUE | - | ||||||||||||
31 | NCS | |||||||||||||
32 | Customs import, Excise & fees | 615.371 | 51.281 | 358.967 | 46.730 | 46.728 | 38.010 | 50.692 | 39.542 | 49.357 | 49.766 | 320.825 | (38.141) | (10.625) |
33 | Special levies | - | ||||||||||||
34 | Special levies (federation account) | 101.773 | 8.481 | 59.367 | 4.263 | 4.501 | 3.938 | 4.117 | 3.927 | 3.032 | 4.237 | 28.016 | (31.383) | (52.011) |
35 | TOTAL NCS Revenue | 717.144 | 59.762 | 418.334 | 50.993 | 51.229 | 41.948 | 54.809 | 43.469 | 52.389 | 54.003 | 348.840 | (69.484) | (16.612) |
36 | Less 7% Cost of collection | 50.200 | 4.183 | 29.283 | 3.643 | 3.586 | 2.936 | 3.837 | 3.013 | 3.667 | 3.780 | 24.462 | (4.821) | (15.454) |
37 | Net customs Rev. | 666.944 | 55.579 | 389.053 | 47.350 | 47.643 | 39.012 | 50.972 | 40.456 | 48.722 | 50.223 | 324.378 | (54.673) | (16.623) |
38 | FIRS | - | ||||||||||||
39 | Corporate Tax (CIT stamp duties & CCT) | 1,742.048 | 145.171 | 1,016.197 | 52.086 | 70.247 | 36.619 | 48.228 | 52.941 | 105.206 | 284.848 | 650.175 | (366.020) | (36.015) |
40 | 4% Cost of collection | 56.431 | 4.703 | 32.921 | 2.429 | 3.054 | 1.380 | 1.981 | 2.012 | 4.564 | 11.314 | 26.734 | (6.184) | (18.786) |
41 | FIRS Tax Refunds | 20.000 | 1.667 | 11.669 | 6.250 | 6.250 | 6.671 | 6.250 | 2.000 | 27.421 | 15.754 | 135.037 | ||
42 | Net FIRS Revenue | 1,665.617 | 138.801 | 971.607 | 49.657 | 67.193 | 28.989 | 39.997 | 44.258 | 94.392 | 271.534 | 596.020 | (375.590) | (38.656) |
43 | Royalty on mining & oil minerals | 1.624 | 0.135 | 0.945 | - | (0.947) | (100.000) | |||||||
44 | Taxes on minerals & other minning | - | - | - | ||||||||||
45 | Mining rents, premium & fees | 0.899 | 0.075 | 0.525 | - | (0.524) | (100.000) | |||||||
46 | Total soild mineral revenue | 2.523 | 0.210 | 1.470 | - | (1.472) | (100.000) | |||||||
47 | less 13% Derivation | 0.328 | 0.027 | 0.189 | - | (0.191) | (100.000) | |||||||
48 | Balance of solid minerals available for FAAC distribution | 2.195 | 0.183 | 1.281 | (1.280) | (100.000) | ||||||||
49 | NET NON -OIL REVENUE | 2,334.756 | 194.563 | 1,361.941 | 97.007 | 114.836 | 68.001 | 90.969 | 84.714 | 143.114 | 321.757 | 920.398 | (441.543) | (32.420) |
50 | Actual Balances in Special Accounts | 13.698 | 1.142 | 7.994 | (7.991) | (100.000) | ||||||||
51 | TOTAL DISTRIBUTABLE FROM SPECIAL ACCOUNTS | 13.698 | 1.142 | 7.994 | (7.991) | (100.000) | ||||||||
52 | Divident by companies/investments funded by FAAC | 61.000 | 5.083 | 35.581 | (25.583) | (100.000) | ||||||||
53 | NET DISTRIBUTABLE FEDERATION ACCT REVENUE | 6,785.074 | 565.423 | 3,957.961 | 200.760 | 252.834 | 223.198 | 259.124 | 236.224 | 280.338 | 521.816 | 1,974.294 | (1,983.666) | (50.118) |
54 | FAAC DISTRIBUTION AS FOLLOWS : | - | ||||||||||||
55 | FGN Share of Fed Acct(52.68%) | 3,574.377 | 297.865 | 2,085.055 | 105.760 | 133.192 | 117.581 | 136.507 | 124.443 | 147.682 | 274.893 | 1,040.058 | (1,044.995) | (50.118) |
56 | State Share of Fed Acct (26.72%) | 1,812.972 | 151.081 | 1,057.567 | 53.643 | 67.558 | 59.638 | 69.238 | 63.119 | 74.906 | 139.429 | 527.531 | (530.036) | (50.118) |
57 | Local govt. share of Fed. Acct (20.6%) | 1,397.725 | 116.477 | 815.339 | 41.357 | 52.084 | 45.979 | 53.379 | 48.662 | 57.750 | 107.494 | 406.705 | (408.635) | (50.118) |
58 | TOTAL FEDERATION ACCOUNT DISTRIBUTION | 6,785.074 | 565.423 | 3,957.961 | 200.760 | 252.834 | 223.198 | 259.124 | 236.224 | 280.338 | 521.816 | 1,974.294 | (1,983.666) | (150.355) |
59 | VALUE ADDED TAX : | |||||||||||||
60 | VAT | 1,800.000 | 150.000 | 1,050.000 | 79.273 | 73.521 | 69.208 | 78.651 | 84.673 | 79.985 | 81.645 | 546.956 | (503.044) | 100.000 |
61 | Cost of collection(4%) | 72.000 | - | 3.171 | 2.941 | 2.768 | 3.146 | 3.387 | 3.199 | 3.266 | 21.878 | 21.878 | 100.000 | |
62 | Net VAT Receipts | 1,728.000 | - | 76.102 | 70.580 | 66.440 | 75.505 | 81.286 | 76.786 | 78.379 | 525.078 | 525.078 | - | |
63 | VAT DISTRIBUTION : | |||||||||||||
64 | FGN share of VAT (15%) | 259.200 | 21.600 | 151.200 | 11.415 | 10.587 | 9.967 | 11.326 | 12.193 | 11.518 | 11.757 | 78.763 | (72.437) | (47.908) |
65 | State share of VAT (50%) | 864.000 | 72.000 | 504.000 | 38.051 | 35.290 | 33.219 | 37.753 | 40.643 | 38.393 | 39.189 | 262.538 | (241.462) | (47.909) |
66 | Local govt share of VAT (35%) | 604.800 | 50.400 | 352.800 | 26.636 | 24.703 | 23.254 | 26.426 | 28.450 | 26.875 | 27.433 | 183.777 | (169.023) | (47.909) |
67 | TOTAL VAT DISTRIBUTION | 1,728.000 | 144.000 | 1,008.000 | 76.102 | 70.580 | 66.440 | 75.505 | 81.286 | 76.786 | 78.379 | 525.078 | (482.922) | |
68 | AUGUMENTATION OF SHORTFALL | - | - | - | ||||||||||
69 | Shared as follows: | - | - | - | ||||||||||
70 | FGN Share of Fed Acct(52.68%) | - | - | - | ||||||||||
71 | State Share of Fed Acct (26.72%) | - | - | - | ||||||||||
72 | Local govt. share of Fed. Acct (20.6%) | - | - | - | ||||||||||
73 | 13% Derivation of Net Oil revenue | - | - | - | ||||||||||
74 | Sub Total | - | - | - | ||||||||||
75 | Refund by NNPC | - | 6.330 | 6.330 | 6.330 | 6.330 | 25.320 | 25.320 | ||||||
76 | Shared as follows: | - | - | - | ||||||||||
77 | FGN Share of Fed Acct(52.68%) | - | 6.330 | 6.330 | 6.330 | 6.330 | 25.320 | 25.320 | ||||||
78 | State Share of Fed Acct (26.72%) | - | - | - | ||||||||||
79 | Local govt. share of Fed. Acct (20.6%) | - | - | - | ||||||||||
80 | 13% Derivation of Net Oil revenue | - | - | - | ||||||||||
81 | Sub Total | - | 6.330 | 6.330 | 6.330 | 6.330 | 25.320 | 25.320 | ||||||
82 | Foreign Excess Crude Savings Acct (SURE-P) | - | - | - | ||||||||||
83 | Exchange Difference | - | 52.846 | 48.371 | 40.329 | 66.967 | 38.517 | 64.812 | 311.842 | 311.842 | ||||
84 | Exchange Difference deducted at source | - | 0.090 | 0.090 | - | |||||||||
85 | Sub Total | - | 40.239 | 66.967 | 38.517 | 64.812 | 210.535 | 210.525 | ||||||
86 | Shared as follows: | - | - | - | ||||||||||
87 | FGN Share of Fed Acct(52.68%) | - | 24.812 | 22.587 | 18.725 | 31.208 | 17.902 | 30.741 | 145.975 | 145.975 | ||||
88 | State Share of Fed Acct (26.72%) | - | 12.585 | 11.457 | 9.497 | 15.829 | 9.080 | 15.592 | 74.040 | 74.040 | ||||
89 | Local govt. share of Fed. Acct (20.6%) | - | 9.702 | 8.833 | 7.322 | 12.204 | 7.000 | 12.021 | 57.082 | 57.082 | ||||
90 | Derivation (13% of Mineral revenue) | - | 5.746 | 5.494 | 4.695 | 7.726 | 4.535 | 6.458 | 34.654 | 34.654 | ||||
91 | Sub Total | - | 52.845 | 48.371 | 40.239 | 66.967 | 38.517 | 64.812 | - | 311.751 | 311.751 | |||
92 | ECA SPECIAL DISTRIBUTION | - | 42.998 | 20.000 | 60.900 | 22.259 | 20.425 | 166.582 | 166.582 | |||||
93 | Shared as follows: | - | - | |||||||||||
94 | FGN Share of Fed. Acct (52.68%) | - | 19.708 | 10.202 | 29.908 | 29.908 | ||||||||
95 | State Share of fed. Acct (26.72%) | - | 9.995 | 5.174 | 15.169 | 15.169 | ||||||||
96 | Local Government Share of Fed. Acct (20.6%) | - | 7.706 | 3.989 | 11.695 | 11.695 | ||||||||
97 | 13% Derivationof Net Oil Revenue | - | 5.590 | 2.894 | 8.484 | 8.484 | ||||||||
98 | Sub Total | - | 42.999 | - | - | 22.259 | - | - | - | 65.256 | 65.256 |
ALLOCATION OF FEDERAL GOVERNMENT SHARE OF FEDERATION AND VAT ACCOUNT FOR JULY, 2017 PROVISIONAL | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
S/NO | ITEMS | APPROVED BUDGET,2017 | January | February | March | April | May | June | July | Cummulative | Variance | % Variance | ||
Annual(a) | Expected Monthly Average(b) | Expected Jan-July(c=b*7) | d | (e=d-c) | ||||||||||
=N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | ||||
1 | FGN Share of Fed. Acct (52.68%) | 3,574.377 | 297.864 | 2,085.048 | 105.761 | 133.191 | 117.581 | 136.507 | 124.443 | 147.682 | 274.893 | 1,040.058 | (1,044.990) | (50.118) |
2 | Distributed As Follows | - | - | - | ||||||||||
3 | (48.5%) | 3,290.761 | 274.230 | 1,919.610 | 97.369 | 122.623 | 107.791 | 125.676 | 114.569 | 135.964 | 253.081 | 957.073 | (962.537) | (50.142) |
4 | Federal capital territory(1%) | 67.851 | 5.654 | 39.578 | 2.008 | 2.528 | 2.311 | 2.591 | 2.362 | 2.803 | 5.218 | 19.821 | (19.757) | (49.919) |
5 | Ecology & Derivation (1%) | 67.851 | 5.654 | 39.578 | 2.008 | 2.528 | 2.352 | 2.591 | 2.362 | 2.803 | 5.218 | 19.862 | (19.716) | (49.816) |
6 | Stabilization Account (0.5%) | 33.925 | 2.827 | 19.789 | 1.003 | 1.264 | 1.176 | 1.296 | 1.181 | 1.402 | 2.609 | 9.931 | (9.858) | (49.816) |
7 | Development of Natural Resources(1.68%) | 113.989 | 9.499 | 66.493 | 3.373 | 4.248 | 3.951 | 4.353 | 3.969 | 4.710 | 8.767 | 33.371 | (33.122) | (49.813) |
8 | Sub Total | 3,574.377 | 297.864 | 2,085.048 | 105.761 | 133.191 | 117.581 | 136.507 | 124.443 | 147.682 | 274.893 | 1,040.058 | (1,044.990) | (50.118) |
9 | Other Income | - | - | - | - | |||||||||
10 | FGN Share of VAT | 259.200 | 21.600 | 151.200 | 11.415 | 10.587 | 9.966 | 11.326 | 12.193 | 11.518 | 11.757 | 78.762 | (72.438) | (47.909) |
11 | Distributed As Follows: | - | - | - | - | #DIV/0! | ||||||||
12 | FGN Share of VAT | 241.920 | 20.160 | 141.120 | 10.654 | 9.881 | 9.302 | 10.571 | 11.380 | 10.750 | 10.973 | 73.511 | (67.609) | (47.909) |
13 | Federal Capital Territory | 17.280 | 1.440 | 10.080 | 0.761 | 0.706 | 0.664 | 0.755 | 0.813 | 0.768 | 0.784 | 5.251 | (4.829) | (47.907) |
14 | Sub Total | 259.200 | 21.600 | 151.200 | 11.415 | 10.587 | 9.966 | 11.326 | 12.193 | 11.518 | 11.757 | 78.762 | (72.438) | (47.909) |
15 | AUGUMENTATION OF SHORTFALL(52.68%) | - | - | - | - | - | - | - | - | |||||
16 | DISTRIBUTION (52.68%) | - | - | - | ||||||||||
17 | External Debt Service | 175.883 | 14.657 | 102.599 | 9.115 | 15.562 | 15.603 | 15.562 | 15.562 | 15.562 | 15.562 | 102.528 | (0.071) | (0.069) |
18 | Sub Total | 175.883 | 14.657 | 102.599 | 9.115 | 15.562 | 15.603 | 15.562 | 15.562 | 15.562 | 15.562 | 102.528 | (0.071) | (0.069) |
(FGN) CONSOLIDATED INCOME AND DISBURSEMENT ACCOUNT FOR JULY, 2017 | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
S/N | ITEMS | APPROVED BUDGET, 2017 | JANUARY | FEBRUARY | MARCH | APRIL | MAY | JUNE | JULY | CUMMULATIVE | VARIANCE | VARIANCE | ||
Annual | Monthly | Prorate | ||||||||||||
=N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | =N=b | |||
1 | RETAINED REVENUE | a | b | c=b*7 | ||||||||||
2 | Unspent balance from previous FY | 50.000 | 4.167 | 29.169 | (29.187) | (100.000) | ||||||||
3 | FGN Share of Fed Acct (Net) | 3,290.765 | 274.230 | 1,919.610 | 88.254 | 107.061 | 92.690 | - | 209.121 | 120.402 | 237.519 | 855.047 | (1,064.584) | (55.457) |
4 | FGN Share of VAT | 241.920 | 20.160 | 141.120 | 10.654 | 9.881 | 9.301 | - | 21.951 | 10.750 | 10.973 | 73.510 | (67.610) | (47.910) |
5 | NNPC refund to FGN | - | - | 5.828 | 5.828 | 5.828 | - | 5.828 | - | - | 23.312 | 23.312 | ||
6 | Share from excess PPT | - | - | 27.849 | 18.143 | 25.676 | 25.697 | 9.392 | 8.618 | - | 115.375 | 115.375 | ||
7 | Receipts from LNG | - | - | - | - | |||||||||
8 | FGN Independent Revenue | 807.570 | 67.298 | 471.086 | 0.456 | 15.577 | 5.856 | 0.411 | 91.619 | 5.462 | 2.465 | 121.846 | (349.237) | (74.135) |
9 | Exchange Rate difference | - | - | 22.843 | 20.795 | 17.239 | - | 45.213 | 28.302 | - | 134.392 | 134.392 | ||
10 | FGN Bal of Special Accts as at 31/12/15 | 14.791 | 1.233 | 8.631 | - | - | - | (8.628) | (100.000) | |||||
11 | Refund of 1st qtr Capital allocations to CRF | - | - | - | - | - | - | - | ||||||
12 | Settlement of State component of coupon payment | 41.570 | 40.993 | 82.563 | 82.563 | |||||||||
13 | Transfer from Capital Development Account to CRF & TSA | - | 151.475 | 60.000 | 70.000 | 145.000 | 100.000 | 100.000 | 626.475 | 628.475 | ||||
14 | Provision for Foreign Debt Service | 9.115 | 15.562 | 15.562 | 15.561 | 55.800 | 55.800 | |||||||
15 | TOTAL RETAINED REVENUE | 4,405.042 | 367.087 | 2,569.608 | 206.569 | 344.322 | 232.152 | 111.669 | 528.124 | 273.534 | 391.950 | 2,088.320 | (481.288) | (18.730) |
16 | Miscellaneous Credits | 0.001 | 1.458 | 0.274 | 1.394 | 0.561 | 27.423 | 31.111 | 31.111 | |||||
17 | TSA/Pool A/C | 2.936 | 4.723 | 2.318 | 2.151 | 10.234 | 4.166 | 19.431 | 45.959 | 45.959 | ||||
18 | Mopped up capital | |||||||||||||
19 | Refund of Paris Club overdeduction to CRF | 466.819 | 466.819 | |||||||||||
20 | TOTAL INFLOW | 4,405.042 | 367.087 | 2,569.608 | 676.324 | 349.046 | 235.928 | 114.094 | 539.752 | 278.261 | 438.804 | 2,632.209 | (404.218) | (18.730) |
21 | TRANSFERS: | |||||||||||||
22 | NDDC | 64.024 | 5.335 | 37.347 | 3.421 | 6.807 | 10.228 | 27.119 | 72.614 | |||||
23 | National Judicial Council | 100.000 | 8.333 | 58.333 | 10.833 | 10.833 | 47.500 | 81.429 | ||||||
24 | Universal Basic Education | 95.189 | 7.932 | 55.527 | 6.426 | 8.984 | 15.410 | 40.117 | 72.248 | |||||
25 | Ind. Nat. Elect Commission | 45.000 | 3.750 | 26.250 | 3.750 | 3.750 | 7.500 | 18.750 | 71.429 | |||||
26 | Nat. Assembly | 125.000 | 10.417 | 72.917 | 9.583 | 9.583 | 19.166 | 53.751 | 73.715 | |||||
27 | Public Compliant Commission | 4.000 | 0.333 | 2.333 | 0.167 | 0.500 | 0.667 | 1.666 | 71.414 | |||||
28 | National Human Right Commission | 1.200 | 0.100 | 0.700 | 0.100 | 0.099 | 0.199 | 0.501 | 71.571 | |||||
29 | Sub Total | 434.413 | 36.201 | 253.408 | 23.447 | 40.556 | 34.918 | 34.918 | 34.818 | 40.362 | 42.223 | 251.242 | 2.166 | 0.855 |
30 | RECURRENT EXPENDITURE | |||||||||||||
31 | Domestic Debts & Int on Ways & Means | 1,468.002 | 124.000 | 868.001 | 265.015 | 146.591 | 172.303 | 111.815 | 101.277 | 74.940 | 268.150 | 1,140.091 | (272.090) | (31.347) |
32 | Foreign Debts | 175.883 | 14.657 | 102.598 | 9.115 | 15.562 | 15.562 | 15.561 | 55.800 | 46.798 | 45.613 | |||
33 | Total Debt Service | 1,663.885 | 138.657 | 970.600 | 274.130 | 162.153 | 187.865 | 127.376 | 101.277 | 74.940 | 268.150 | 1,195.891 | (225.291) | (23.212) |
34 | Special intervention (Recurrent) | 350.000 | 29.167 | 204.167 | 204.167 | |||||||||
35 | Sinking funds to retire maturing loans | 177.480 | 14.788 | 103.518 | 103.518 | 100.000 | ||||||||
36 | Total Recurrent Debt | 2,191.345 | 182.612 | 1,278.285 | 274.130 | 162.153 | 187.865 | 127.376 | 101.277 | 74.940 | 268.150 | 1,195.891 | 82.394 | 6.446 |
37 | RECURRENT NON DEBT | |||||||||||||
38 | Personnel cost | 1,884.069 | 157.006 | 1,099.040 | 53.476 | 126.363 | 150.491 | 31.658 | 251.913 | 109.986 | 48.141 | 772.028 | 327.012 | 29.754 |
39 | Pension & Gratuities including service wide pension. | 281.609 | 23.467 | 164.272 | 15.494 | 15.482 | 26.703 | 42.788 | 19.884 | 22.924 | 15.945 | 159.220 | 5.052 | 3.075 |
40 | Overhead cost | 219.842 | 18.320 | 128.241 | 5.249 | 15.986 | 17.712 | 15.324 | 1.734 | 18.545 | 25.725 | 100.275 | 27.966 | 21.807 |
41 | Other service wide vote including Presidential Amnesty(bal fig) | 215.400 | 17.950 | 125.650 | 12.664 | 0.719 | 196.499 | 11.416 | 36.434 | 123.611 | 159.849 | 541.192 | (415,542.000) | (330.714) |
42 | Refund to special accounts | 40.000 | 3.333 | 23.333 | 23.333 | 100.000 | ||||||||
43 | Sub Total | 2,640.920 | 220.077 | 1,540.537 | 86.883 | 158.550 | 391.405 | 101.186 | 309.965 | 275.066 | 249.660 | 1,572.715 | (32.178) | (2.089) |
44 | Total Recurrent 2016 | 5,266.678 | 438.890 | 3,072.229 | 384.460 | 361.259 | 614.188 | 263.480 | 446.060 | 390.368 | 560.033 | 3,019.848 | 52.381 | 1.705 |
45 | Recurrent Exp 2015 | |||||||||||||
46 | Total Recurrent | 5,266.678 | 438.890 | 3,072.229 | 384.460 | 361.259 | 614.188 | 263.480 | 446.060 | 390.368 | 560.033 | 3,019.848 | 52.381 | 1.705 |
47 | CAPITAL EXPENDITURE | |||||||||||||
48 | Capital in Special Intervention | 1,500.000 | 12.500 | 87.500 | 87.500 | |||||||||
49 | Capital Releases 2017* Cap Supp | 2,024.497 | 168.708 | 1,180.957 | 1,180.957 | 100.000 | ||||||||
50 | TOTAL ACTUAL EXPENDITURE: | 7,441.175 | 620.098 | 4,340.685 | 384.460 | 361.259 | 614.188 | 263.480 | 446.060 | 390.368 | 560.033 | 3,019.848 | 1,320.837 | 30.429 |
51 | Refund to MDAs and Banks | 1.566 | 2.526 | 12.594 | 0.112 | 0.190 | 0.014 | 17.002 | (17.002) | |||||
52 | Excess PPT account | |||||||||||||
53 | Settlement of State component of coupon payment | |||||||||||||
54 | Mopped up capital | |||||||||||||
55 | ECA loan deduction May 2016 | - | ||||||||||||
56 | Reimbursement of Paris Club Overdeduction | 34.577 | 12.376 | 41.380 | 7.971 | 96.304 | ||||||||
57 | TOTAL OUTFLOW | 7,441.175 | 620.098 | 4,340.685 | 420.603 | 376.161 | 668.162 | 271.563 | 446.250 | 390.382 | 560.033 | 3,133.154 | 1,207.531 | 27.819 |
58 | Fiscal Deficit | (3,036.133) | (253.011) | (1,771.078) | 255.721 | (27.115) | (432.234) | (157.469) | 93.502 | (112.121) | (121.229) | (967.764) | (1,611.749) | 91.004 |
59 | FINANCING ITEMS | |||||||||||||
60 | Privitization Proceeds | 10.000 | 0.833 | 5.833 | (5.833) | (100.000) | ||||||||
61 | Signature Bonus | 114.298 | 9.525 | 66.674 | (66.674) | (100.000) | ||||||||
62 | FGN Share from Stabilization Fund Account | |||||||||||||
63 | Securitization of bal of 2015 borrowing | |||||||||||||
64 | Foreign Borrowing | 1,067.500 | 88.958 | 622.708 | (622.708) | (100.000) | ||||||||
65 | Domestic borrowing (FGN Bond) | 1,254.274 | 104.523 | 731.660 | 120.000 | 120.000 | (611.660) | (83.599) | ||||||
66 | Deficit Funding for 2015 Suppl. Appropriation Act | |||||||||||||
67 | Recoveries of misappropriated funds | |||||||||||||
68 | Recoveries from Swiss(US$ 320 Mill) | 97.600 | 8.133 | 56.933 | ||||||||||
69 | Domestic Recoveries *Assets * Fines | 261.897 | 21.825 | 152.773 | ||||||||||
70 | Other FGN Recoveries | 205.564 | 17.130 | 119.912 | (152.773) | (100.000) | ||||||||
71 | Recoveries of other misappropriated funds | (119.912) | (100.000) | |||||||||||
72 | Proceed of sale of Govt properties | 25.000 | 2.083 | 14.583 | ||||||||||
73 | Sub Total | 3,036.133 | 253.011 | 1,771.078 | 120.000 | 120.000 | (14.583) | (100.000) | ||||||
74 | Net Deficit/ surplus | 375.721 | (27.115) | (432.234) | (157.469) | 93.502 | (112.121) | (121.229) | (1,651.078) | (93.224) | ||||
75 | Balance B/fwd | (1,883.736) | (1,494.199) | (1,521.314) | (1,953.548) | (2,111.017) | (2,017.515) | (2,129.636) | (2,250.865) | |||||
76 | Balance B/fwd -TSA | 307.259 | 100.809 | 83.937 | 177.088 | 136.172 | 220.204 | |||||||
77 | Balance C/fwd | (1,508.015) | (1,521.314) | (1,953.548) | (2,111.017) | (2,017.151) | (2,129.636) | (2,250.865) |
SUMMARY OF TSA-SUB REC ACCOUNT FOR JULY, 2017 | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
S/No | ITEMS | APPROVED BUDGET,2017 | January | February | March | April | May | June | July | Cummulative | Variance | % Variance | ||
Annual | Monthly | Prorata | ||||||||||||
₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ||
a | b | c=b*7 | ||||||||||||
INFLOWS | ||||||||||||||
1 | FGN Share of FAAC | - | - | 107.061 | 92.690 | 209.121 | 120.402 | 237.519 | 766.793 | 766.793 | ||||
2 | Share of Exchange Difference | - | - | 20.795 | 17.239 | 45.213 | 28.302 | 111.549 | 111.549 | |||||
3 | Share of Excess PPT | - | - | 25.676 | 25.697 | 9.392 | 8.618 | 69.383 | 69.383 | |||||
4 | Share of VAT | - | - | 9.881 | 9.301 | 21.951 | 10.750 | 10.973 | 62.856 | 62.856 | ||||
5 | Share of NNPC to FGN and others | - | - | 5.828 | 5.828 | 5.828 | 17.484 | 17.484 | ||||||
6 | Miscellaneous Credits | - | - | 0.001 | 1.458 | 0.274 | 1.394 | 0.561 | 27.423 | 31.111 | 31.111 | |||
7 | Transfer to TSA SUB-REC | - | 150.000 | 60.000 | 70.000 | 145.000 | 100.000 | 100.000 | 625.000 | 625.000 | ||||
8 | Transfers from CRF | - | - | |||||||||||
9 | Total Inflows | - | - | 293.566 | 212.192 | 95.971 | 437.899 | 268.633 | 375.915 | 1,684.176 | 1,684.176 | |||
10 | OUTFLOWS | - | ||||||||||||
11 | Personnel cost | - | 150.491 | 31.658 | 251.913 | 109.986 | 48.141 | 592.189 | 592.189 | |||||
12 | Pensions & Gratuities | - | 21.497 | 19.527 | 19.884 | 22.924 | 15.945 | 99.777 | 99.777 | |||||
13 | Statutory transfers | - | 34.918 | 34.918 | 34.818 | 40.362 | 42.223 | 187.239 | 187.239 | |||||
14 | Service Wide Vote(Manual) | - | 9.354 | 4.228 | 21.941 | 35.523 | 35.523 | |||||||
15 | Overhead | - | 15.323 | 15.324 | 1.699 | 12.666 | 25.725 | 70.737 | 70.737 | |||||
16 | Payment by AGF (SWV) | - | - | 0.028 | 15.856 | 11.416 | 26.716 | 119.383 | 0.967 | 174.366 | 174.366 | |||
17 | Remita debit (SWV) | - | - | 0.095 | 180.557 | - | 0.364 | - | 136.941 | 317.957 | 317.957 | |||
18 | Total outflows | - | - | 0.123 | 418.642 | 112.843 | 344.748 | 309.549 | 291.883 | 1,477.788 | 1,477.788 | |||
19 | Net Deficits/surplus | - | - | 293.443 | (206.450) | (16.872) | 93.151 | (40.916) | 84.032 | 206.388 | 206.388 | - | ||
20 | Balance B/fwd | - | - | 13.816 | 307.259 | 100.809 | 83.937 | 177.088 | 136.172 | 220.204 | 220.204 | |||
21 | Balance C/Fwd as per Bank | - | - | 307.259 | 100.809 | 83.937 | 177.088 | 136.172 | 220.204 | - |
FGN CAPITAL DEVELOPMENT FUND ACCOUNT FOR JULY, 2017 | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
S/N | Description | 2017 Approved Budget | Jan | Feb | March | April | May | June | July | cum. | Variance | |||
Annual | Monthly | Prorata | ||||||||||||
₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | ₦b | % | ||
a | b | c=b*7 | ||||||||||||
1 | Balance B/Fwd | - | - | - | 271.662 | 266.718 | 296.643 | 353.972 | 332.785 | 281.220 | 174.695 | 271.662 | ||
2 | INFLOWS: | |||||||||||||
3 | Domestic Borrowing | 1,254,274 | 104,523 | 731,661 | 170.000 | 220.000 | 120.000 | 120.000 | 200.000 | 200.000 | 1,030.000 | (224.274) | ||
4 | Foreign Borrowing - USD One Billion Eurobond | - | - | - | - | - | 300.000 | 300.000 | 300.000 | |||||
5 | Miscellaneous Credits | - | - | - | 0.148 | 0.163 | 1.751 | 0.740 | 1.447 | 0.018 | 1.555 | 5.822 | 5.822 | |
6 | Transfer from CRF | - | - | |||||||||||
7 | Total Inflows | 1,254,274 | 104,523 | 731,661 | 170.148 | 220.163 | 421.751 | 120.740 | 201.447 | 0.018 | 201.555 | 1,335.822 | 604.162 | |
8 | Net Amount Available | 1,254,274 | 104,523 | 731,661 | 441.810 | 486.881 | 718.394 | 474.712 | 534.232 | 281.238 | 376.250 | 1,607.484 | 875.824 | |
9 | OUTFLOWS: | - | ||||||||||||
10 | Capital Expenditure - 2016 | - | - | - | 32.959 | 40.234 | 190.891 | 71.927 | 72.172 | - | 408.187 | (408.187) | ||
11 | Capital Expenditure - 2017 | 217,450 | 181,208 | 1,268,456 | - | - | 113.531 | - | 13.156 | 6.543 | 4.991 | 138.221 | 138.221 | |
12 | Transfer from CRF to meet Recurrent & Domestic Debt Obligations | - | - | - | 142.133 | 150.000 | 292.133 | (292.133) | ||||||
13 | Transfer to Excess Domestic Crude Account | - | - | - | - | |||||||||
14 | Transfer to TSA Sub-Rec | - | - | - | 60.000 | 70.000 | 145.000 | 100.000 | 100.000 | 475.000 | (475.000) | |||
15 | Miscellaneous Credits Transfer to CRF | - | - | |||||||||||
16 | Manual AIEs uo Cap Supply yet to be mandated | - | 0.624 | 0.624 | (0.624) | |||||||||
17 | Transfer to OAGF Retention Account | - | - | - | 22.684 | 22.684 | (22.684) | |||||||
18 | Total outflows: | 217,450 | 181,208 | 1,268,456 | 175.092 | 190.234 | 364.422 | 141.927 | 253.012 | 106.543 | 105.615 | 1,336.849 | (68.392) | |
19 | Net (Deficit)/ Surplus | 1,036,824 | (76,685) | (536,795) | 266.718 | 296.647 | 353.972 | 332.785 | 281.220 | 174.695 | 270.635 | 270.635 | (807.432) | |
Note: | ||||||||||||||
1. Domestic Borrowing: A total sum of ₦300bn was received in the CRF Account was opened.This brings the total for the year ₦2,493.358bn as at may 2017. The Details are as follows. | ||||||||||||||
Description | ₦ | |||||||||||||
CRF | 300.000 | |||||||||||||
Domestic borrowing bal as @ 30/04/2017 | 1,993.358 | |||||||||||||
Domestic borrowing bal as @ 31/05/2017 | 200.000 | |||||||||||||
TOTAL | 2,493.358 | |||||||||||||
2. Capital Expenditure: A total Payment of ₦104.816bn was paid through the CRF for 2016 Capital Expenditure | ||||||||||||||
3. SUMMARY OF CAPITAL EXPENDITURE AS PER 2016 BUDGET | ₦ | |||||||||||||
Capital Expenditure: Paid through CDF in 2016 | 706.470 | |||||||||||||
Capital Expenditure: Paid through CRF in 2016 | 104.815 | |||||||||||||
Cummulative Capital Expenditure for 2016 | 811.285 | |||||||||||||
Capital Expenditure: 1st Jan. 2017 to 5th May, 2017 | 408.187 | |||||||||||||
Total Capital Expenditure as per 2016 Budget | 1,219.472 |
Revised Oil and Gas Data 2014-2017 | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Finished Products From Refinery | Consumption of Petroleum Product (Based on truck out data) | ||||||||||
Crude Oil Production (bbls) | Natural Gas Production (BSCF) | Natural Gas Export (BSCF) | Rig Court | Exploratory & Development Wells | PMS (MT) | AGO (MT) | HHK(MT) | PMS (Mil Litr) | AGO (Mil Ltr) | HHK (Mil Ltr) | Pipeline Vandalism | |
2014 | 798,645,589 | 2,486 | 1,124 | 46 | 141 | 542,399 | 638,604 | 459,166 | 17,399 | 3,219 | 2,884 | 3,732 |
2015 | 773,458,592 | 2,930 | 1,242 | 29 | 116 | 260,787 | 200,114 | 144,654 | 17,780 | 3,250 | 2,090 | 2,832 |
2016 | 661,085,662 | 2,618 | 1,142 | 9 | 76 | 931,095 | 669,302 | 398,431 | 17,408 | 3,902 | 919 | 2,589 |
2017 | 690,011,529 | 2,806 | 1,227 | 13 | 76 | 1,150,952 | 870,868 | 536,072 | 18,358 | 4,748 | 944 | 1,005 |
2017 Consumption is provisionsal and subject to revision |
Month-on-month | 0.84 % |
Year-on-Year | 13.34 % |
12 Month Avg. Chg | 15.60 % |
Month-on-month | 0.84 % |
Year-on-Year | 11.20 % |
12 Month Avg. Chg | 12.33 % |
Month-on-month | 0.90 % |
Year-on-Year | 16.08 % |
12 Month Avg. Chg | 19.29 % |
By Expenditure | -1.70 % |
Final Household Consumption | -14.59 % |
Capital Formation | -7.97 % |
Unemployment | 18.8 % |
Underemployment | 21.2 % |
Youth Unemp/Underemp | 52.65 % |
Average PMS Price | N 151.4 |
State with Highest Price | Kebbi (N 163.70) |
State with Lowest Price | Bauchi (N 144.17) |
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