NATIONAL BUREAU OF STATISTICS

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	0.74 %
Year-on-Year	11.44 %
12 Month Avg. Chg	12.10 %

Month-on-month	0.50 %
Year-on-Year	9.98 %
12 Month Avg. Chg	10.51 %

Month-on-month	0.81 %
Year-on-Year	13.56 %
12 Month Avg. Chg	14.35 %

By Expenditure	2.11 %
Final Household Consumption	3.32 %
Capital Formation	4.79 %

Unemployment	23.1 %
Underemployment	20.21 %
Youth Unemp/Underemp	55.4 %

Average PMS Price	N 145.8
State with Highest Price	Taraba (N 150.27)
State with Lowest Price	Yobe (N 143.33)

NBS Wins Merit Award As Agency Of The Year