Tag Archives: NBS

Oil-rich Nigeria expended 2.4 trillion Naira importing fuels, lubricants in 2016 – NBS

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The Federal Government spent N2.4 trillion on the importation of fuels and lubricants in 2016, according to the National Bureau of Statistics (NBS).

The agency in its fourth quarter (Q4) foreign and merchandise trade statistics released at the weekend, disclosed that about 18.4 per cent of the total cost was used for the importation of Premium Motor Spirit (PMS) during the year under review.

On a quarterly basis Nigeria spent N699.2 billion for the importation of fuels and lubricants, which if retained in the country, could build institutions that would provide jobs for graduates.

The bureau said the structure of Nigeria’s export trade is still dominated by crude oil exports, which contributed N2.4 trillion or 81.4 per cent to the value of total domestic export trade in Q4 2016.

The percentage of crude exports to total exports in Q4 thereby decreased to 81.4.0 per cent from 84.3 per cent in Q3, but increased when compared to Q4 2015, accounting for 79.3 per cent of the exports.

It disclosed that Nigeria’s import trade by origin in Q4 showed the country imported goods mostly from China, Belgium, Netherlands, the United States and India. They respectively accounted for N404.1 billion or 17.5 per cent, N356.4 billion or 15.4 per cent, N230.0 billion or 10.0 per cent, N205.6 billion or 8.9 per cent, and N113.9 billion 4.9 per cent of the total value of goods imported during the quarter.

Further analysis of Nigeria’s imports by continent during the period, revealed that it consumed goods largely from Europe with import value of N1, 127.9 billion or 48.9 per cent, adding that it also imported goods valued at N761.9 billion or 33 per cent from Asia and N312.8 billion or 13.6 per cent from the Americas.

The bureau stated: “Import trade from Africa stood at N82.7 billion or 3.6 per cent while imports from the region of ECOWAS amounted to N15.1 billion.

“For full year 2016, Nigeria imported mostly from China with 19.7 per cent of total imports followed by the Netherlands, 11.7 per cent then the USA, eight years.

“With respect to import by continent, Nigeria imported the most from Europe, 46.7 per cent then Asia, 35.8 per cent and the Americas, 12.2 per cent. Nigerian imports from Africa stood at 4.1 per cent of total imports in 2016, with imports from within ECOWAS at 1.2 per cent.”

The total value of Nigeria’s merchandise trade at the end of Q4 was N5, 286.6 billion, or 10.6 per cent above the N4.781 billion recorded in Q3.
“Total export value for fourth quarter of 2016 stood at N2.978 billion, which was 28.3 per cent more than the value of the previous quarter. Total import for fourth quarter of 2016 was N2.308 billion, which represented a decrease of 6.1 per cent with the value of the preceding quarter.

“This development stemmed from a rise of N656.3 billion or 28.3 per cent, in the value of exports combined with a decline of N150.9 billion or 6.1 per cent, in the value of imports against the levels recorded in the preceding quarter,” it added.

Meanwhile, the Executive Secretary, Lubricant Producers Association of Nigeria (LUPAN), Emeka Obidike, said indigenous blenders are constantly being threatened with the shutting down of their plants and seizure of their consignments.

He said they are also persistently faced with the risk of losing their businesses, corrosion of their goodwill and professional integrity, asphyxiating demurrages and transactions and default in the repayment of facilities.

Obidike alleged that the National Agency for Food, Drugs Administration and Control (NAFDAC) had in many occasions confiscated their consignments and also gone ahead to detain the consignments of importers, insisting on being presented with NAFDAC licences and proof of payment of dues.

He explained that LUPAN members are duly licensed by the DPR to import, store and blend base oil in Nigeria.

 

Source: The Guardian

JAMB received 11.7 million applications between 2010-2016 – NBS

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The National Bureau of Statistics (NBS) has said the Joint Admissions and Matriculation Board (JAMB) data reflect that 11,703,709 applications were received between 2010 and 2016.

A report on, “JAMB Admitted Candidates by State and Gender within Faculty’’, released by NBS in Abuja on Monday said that 2,674,485 students were admitted across the 36 states and the FCT between 2010 and 2015.

“In 2010, a total of 1,513,940 applications were received while 423,531 students were admitted.

“This shows that 28 per cent of students who applied for admission were admitted across the 36 states and the FCT in the year under review.

“Adamawa and Niger States admitted 38 per cent of students who applied for admission in 2010.

“Both states received 14,483 and 16,556 applications while 5,678 and 6,278 students were admitted, respectively,’’ it stated.

Similarly, the report stated that 1,636,356 applications were received while 417,341 students were admitted in 2011.
“This simply means that 26 per cent of students who applied for admission were admitted across the 36 states and the FCT in 2011,” it said.

The report said Yobe with 7,879 applications and 3,185 admissions, had 40 per cent of students who applied admitted.
NBS report stated that 1,632,835 applications were received in 2012, while 447,176 admissions were granted in 2012, representing 27 per cent of applications for admissions during the year.

“Yobe with 9,064 applications and 4,138 admissions has the highest percentage of applications for admissions with 46 per cent recorded.

“The lowest percentages of applications for admissions were recorded in 2013 and 2014 with 24 per cent and 25 per cent of applications for admissions recorded, respectively during the period under review.

“Yobe with 11,222 applications and 4,084 admissions has the highest percentage of applications for admissions with 36 per cent recorded in 2013.

“ Jigawa with 16,214 applications and 6,169 admissions has the highest percentage of applications for admissions with 38 per cent recorded in 2014,’’ the report stated.

According to the report, the highest percentage of applications for admissions are recorded in 2015 with 30 per cent of applications for admissions recorded.

“Yobe with 17,461 applications and 9,703 admissions has the highest percentage of applications for admissions in the year with 56 per cent recorded,’’ it said.

 

Source: NAN

2016, bad year for Nigerian ports – NBS

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From 5,369 in 2013, the number of vessels that berthed at ports in Nigeria dropped to 4,025 in 2016, representing the lowest in four years.

The National Bureau of Statistics, NBS, made this known in its 2013-2016 Shipping and Port Related Activities Data released on Wednesday.

According to the bureau, the number of vessels dropped from 5,369 in 2013 to 5,349 in 2014. In 2015, the figure dropped to 5,090 and reduced drastically to 4,025 in 2016.

Similarly, the report said the Gross Registered Tonnage at the ports peaked at 146,820,488 in 2014 and dropped to 144,207,122 in 2015 before sliding to 122,186,758 in 2016.

Statistics for the Apapa Port show the extent of decline in vessels over the last three years.

From 1,510 in 2013, the number of vessels that berthed at the Apapa Port dropped to 1,097 in 2016.

According to the bureau, the number of vessels dropped from 1,510 in 2013 to 1, 503 in 2014. In 2015, the figure dropped to 1,399 and reduced to 1,097 in 2016.

Similarly, the report said the Gross Registered Tonnage at the Apapa port peaked at 37,041,879 in 2014 and dropped to 36,142,339 in 2015 before sliding to 31,032,377 in 2016.

The data revealed that ship traffic statistics at Nigerian ports also reflected that a total number of 19,833 vessels berthed at the various ports between 2013 and 2016. Similarly 543,842,425 tonnages were registered within the period under review.

Further analysis of the report showed that the year 2014 recorded the highest number of vessels berthed as well as tonnages registered while the least were recorded in 2016.

Tin Can Island Port handled the most ships accounting for 33 percent of total number of ships that berthed in all ports and 32 percent of total tonnage registered in all ports. It is closely followed by Apapa port which accounted for 28 per cent of ships that berthed and 25 per cent of total tonnage registered ; and Onne port which accounted for 15 per cent of ships that berthed and 30 per cent of total tonnage registered.

According to the report, cargo traffic statistics revealed a total of 312,185,808 cargo traffic was recorded at all Nigerian ports between 2013 and 2016. 196,851,236 of the cargo traffic were inwards while 115, 334572 were outward.

Apapa port handled the most number of inward cargoes accounting for 39 per cent of total inward cargoes and closely followed by Tin Can Island and Delta ports accounting for 31 per cent and 11 per cent respectively.

Calabar port accounted for 4.29 per cent to record the least.

Similarly, Onne port handled the most number of outward cargoes accounting for 80 per cent of total outward cargoes; closely followed by Delta and Apapa port accounting for 10.63 per cent and
3.52 per cent respectively.

The Calabar port accounted for 0.05 percent, to record the least.

Meanwhile, the number of passenger traffic within the period under review was put at 52,262.

Recession: 19,000 Public Sector Jobs Lost In 6 Months- NBS

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No fewer than 18,919 Nigerians lost their jobs in the  nation’s public sector between October 2015 and March 2016, the National Bureau of Statistics (NBS) said.
Although about 5,867 new public sector jobs were generated between October and December 2015, the bureau said about 10,155 jobs were lost during the period in the public sector of the federal, state and local governments.
This translates to a negative employment generation figure of -4,288.
Also, while about 5,726 jobs were created between January and March 2016 in the public sector, the bureau said about 8,764 jobs were lost during the period, with a negative employment generation figure of -3.038 for the period.
The bureau, which reported a sharp decline of 84.1 per cent in total employment against the figure in the last quarter of 2015, said only about 79,469 jobs were generated in the economy in the first three months of 2016, against about 499,521 jobs created during the corresponding period of 2015.
The agency said in its quarterly job creation survey in collaboration with the Central Bank of Nigeria (CBN), that the figure was 83.1 per cent lower than the 389,605 jobs created in the corresponding period last year.
“This sharp decline in employment generation in the first quarter of 2016 is strongly correlated to the weakening economic output within the period, where the Nigerian economy recorded a negative growth of -0.36 per cent,” the statistics agency said.
An analysis of the jobs created for the quarter showed that 21,477 came from the formal sector, consisting formal professional services with less than 10 employees.
About 61,026 jobs came from the informal sector in the first quarter, made up of mainly low skill, low paying blue collar jobs in agriculture, light manufacturing, wholesale and retail trade businesses.
The NBS said the drop by 27,246 in formal employment in the last quarter of last year and 21,477 in the first quarter of 2016 across all the economic activities was as a result of the slowing down of economic activities in the wake of the economic recession.
With the economy fully in recession a following recent formal confirmation by the NBS, analysts say the employment situation would likely worsen, except government took steps to spend on strategic capital infrastructure to reflate the economy.
The Lead Director, Centre for Social Justice (CENSOJ), Eze Onyekpere, said declining employment figures in an economy in recession was not surprising, as firms are closing up and reducing their workforce in the face of declining Gross Domestic Products (GDP) and high inflation.

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Inflation Rate Increased By 9.3% In Oct – NBS

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The National Bureau of Statistics (NBS) on Sunday said that inflation rate in the country increased by 9.3 per cent year-on-year in October.

 

The NBS made this known via its October 2015 Consumer Price Index (CPI) that was issued in Abuja.

The CPI gauges the average change over time in the prices of goods and services that are consumed by the people in their day-to-day living.

 

The CPI stated that the October inflation rate was marginally lower from the rate recorded in September, which was 9.4 per cent.

 

It, however, said that the lower rate in October was as a result of lower increases in most divisions which contributed to the Headline Index, with the exceptions being Transport, Recreation and Culture divisions.

 

The report said that food prices edged lower in October.

 

It said that the Food sub-index increased by 10.1 per cent during the month, from 10.2 per cent recorded in September.

 

“The Food sub-index was weighted upon as a result of a slower increase in Bread and Cereals; Milk, Eggs and Cheese.

“It was also weighted upon as a result of slower increase in Potatoes, Yams and other tuber groups, the latter which has increased at a slower pace for five consecutive months,’’ it said.

The report said that both the Urban and Rural indices slowed (year-on-year) in October.

It said that the Urban index increased by 9.4 per cent from 9.5 per cent in September, while the Rural index increased by 9.2 per cent in October from 9.3 per cent in September.

“On a month-on-month basis, both the Urban and Rural indices slowed.

 

“The Urban Index increased by 0.4 per cent in October, from 0.7 per cent in September, while the Rural index increased by 0.4 per cent in October from 0.5 per cent in September,’’ the report concluded.

 

 

(NAN)

Nigeria Earns N2.5trn From Petroleum Products Export In 3 Months- NBS

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Nigeria earned N2.512 trillion from the export of petroleum products in three months, between April and June 2015, according to data released Wednesday, by the National Bureau of Statistics, NBS.

The NBS, in its Foreign Trade Statistics for the Second Quarter of 2015, also stated that Nigeria recorded total merchandise trade of N4.372 trillion and a trade surplus of N1.4 trillion in the month under review.

It is instructive to noted that the amount the country earned from petroleum products sale in the second quarter of 2015, was 56.8 per cent of the country’s N4.49 trillion 2015 budget.

Read More: vanguardngr