Senate approves N74.773bn budget for Police Trust Fund




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By Chibuike Nwabuko

Abuja (Sundiata Post) – The Senate on Tuesday approved the sum N74,773,601,916 billion as budget for the Nigeria Police Trust Fund.

The approval followed the consideration a report by the Joint Committee of the Senate and House of Representatives on Police Affairs. 

Chairman the Senate Committee on Police Affairs, Dauda Halliru Jika (APC, Bauchi Central), in his presentation, observed the 2021 NPTF budget is the second since the establishment Act came into being in 2019.

He disclosed the total revenue roll-over from 2020 was N23,632,857,141.30.

Giving a breakdown the budget, the lawmaker said the sum of N988,279,006.05 is for Personnel Cost; N10,027,610,310.25 for Overheads Expenditure; N11,015,889,316.30 for Recurrent; and N63,757,712,600.00 for Capital Expenditure. 

He explained the 2021 accrued revenue are as follows: 0.5 percent the Total Revenue Accrued to Federation Accounts Revenue at N41,867,680,099.00; 0.05 percent of Total Value Added Tax (VAT) N8,824,064,676.00; 0.05 percent of the Net of Companies in Nigeria – N 300,000,000; and Aids, Grants, and Donations – N150,000,000.