This tab lists amount of cash generated from the main revenue sources of government (oil, taxes, customs). All data is sourced from the Office of the Accountant General. Select the revenue source of interest, take a note of the numbers, and comment! What should government do with the money?


Select Data:
1 comment Add Your Comment Download


Summary 2008 2009 2010 2011 2012
S/N DESCRIPTION BUDGET GROSS INFLOW TRANSFER TO ECA/EXCHANCE GAIN NET INFLOW DIFF. B/W BUDGET AND NET INFLOW
=N= Billion =N= Billion =N= Billion =N= Billion =N= Billion
1 NNPC
2 CRUDE OIL 3,819.87 4,784.10 1,334.99 3,449.11 -370.76
3 GAS SALES 352.62 281.18 1.98 279.20 -73.43
4 GROSS OIL & GAS 4,172.49 5,065.28 1,336.97 3,728.31 -444.19
5 TOTAL JVC/ UNDER REMITTANCE IN DEC. =N=31.145 BILLION 1,008.02 1,050.11 - 1,050.11 -42.08
6 TOTAL -SUBSIDY 245.96 844.95 - 844.95 -598.99
7 TOTAL DEDUCTION 1,253.98 1,895.05 - 1,895.05 -641.07
8 NET NNPC REVENUE 2,918.51 3,170.23 1,336.97 1,833.26 -1,085.26
9 DPR - - -
10 ROYALTIES ON OIL 634.54 1,063.31 479.54 583.77 -50.77
11 ROYALTIES ON GAS - 13.49 - 13.49 13.49
12 RENT 0.50 0.41 - 0.41 -0.09
13 GAS FLARED PENALTY 4.13 3.54 - 3.54 -0.59
14 MISCELLANEOUS, PIPELINE FEES, ETC 2.00 2.05 0.01 2.05 0.05
15 TOTAL FOR DPR 641.17 1,082.81 479.55 603.26 -37.91
16 FIRS - - - -
17 PPT 1,927.53 3,070.59 1,392.66 1,677.93 -249.60
18 GAS TAX @ CITA RATE 74.25 - - - -74.25
19 SUB-TOTAL -FOR OIL TAXES 2,001.78 3,070.59 1,392.66 1,677.93 -323.85
20 CORPORATE TAXES 684.75 532.36 - 532.36 -152.39
21 OTHER TAXES -STAMP DUTIES 15.00 183.09 - 183.09 168.09
22 CAPITAL GAINS TAX 2.50 - - - -2.50
23 SUB -TOTAL -FOR NON OIL 702.25 715.44 - 715.44 13.20
24 LESS: TAX REFUND 4.50 - - - 4.50
25 NET TOTAL 697.75 715.44 - 715.44 17.70
26 TOTAL FOR FIRS 2,699.53 3,786.03 1,392.66 2,393.37 -306.15
27 NCS - - -
28 IMPORT 405.00 373.95 - 373.95 -31.05
29 EXCISE 40.50 41.79 - 41.79 1.29
30 FEES 4.50 13.39 - 13.39 8.89
31 TOTAL FOR NCS 450.00 429.13 - 429.13 -20.87
32 TRANSFER TO EXCHANGE GAIN - - - -
TRANSFER FROM DOMESTIC - - - -
33 AVAILABLE FOR DISTRIBUTION 6,709.21 8,468.20 3,209.18 5,259.02 -1,450.19
34 TRANSFER TO SURE-P - - - - -
35 AMOUNT DISTRIBUTED 6,709.21 8,468.20 3,209.18 5,259.02 -1,450.19
36 SURE-P DISTRIBUTED - - - - -
37 AUGMENTATION / EXCESS REVENUE - - - -
38 GROSS AMOUNT DISTRIBUTED 6,709.21 8,468.20 3,209.18 5,259.02 1,450.19
39 TOTAL: OIL AND NON-OIL
40 OIL & GAS 5,561.46 7,323.62 3,209.18 4,114.44 -1,447.02
41 NON OIL 1,147.75 1,144.58 - 1,144.58 -3.17
42 TOTAL 6,709.21 8,468.20 3,209.18 5,259.02 -1,450.19
43 SUMMARY BY ORGANISATION - - - -
44 NNPC 2,918.51 3,170.23 1,336.97 1,833.26 -1,085.26
45 DPR 641.17 1,082.81 479.55 603.26 -37.91
46 FIRS 2,699.53 3,786.03 1,392.66 2,393.37 -306.15
47 NCS 450.00 429.13 - 429.13 -20.87
48 TOTAL 6,709.21 8,468.20 3,209.18 5,259.02 -1,450.19


To post comments you must create a profile

Nosa Joel, 39
Edo

What are the full meaning of these abbreviations
ECA
JVC
FAAC

2014-Mar-25 19:25
Go To Post 1 reply Reply     
2
Transparent Nigeria, 57
FCT

ECA = excess crude account. It is supposed to be a savings account filled with excess oil revenues that can be tapped to stabilize gov't spending and the economy during economic shocks. It is a source of controversy because some would like to tap the money immediately to fund whatever projects/initiatives they have in mind. While others argue that it is important for the government to save for a rainy day.

JVC = joint venture companies, commonly referring to joint ventures between the Nigerian government and multinational companies in the petroleum sector.

FAAC = Federal Accounts Allocation Committee, the body responsible for allocating and disbursing funds (primarily oil revenue) to the federal government, states, and LGAs

2014-Mar-29 12:17
Go To Post 0 replies Reply     

Loader