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Reading: Senate Approves N11.35B Police Trust Fund Budget | SEE DETAILS
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Afnews > Blog > News > Senate Approves N11.35B Police Trust Fund Budget | SEE DETAILS
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Senate Approves N11.35B Police Trust Fund Budget | SEE DETAILS

Faith Ukanwa
February 24, 2021
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The Senate has approved the sum of N11, 352,457,101.70 as budget for Nigeria Police Trust Fund in the 2020 fiscal year.

The approval followed its consideration of the harmonized report of the Senate and House of Representatives Committee on Police Affairs on the 2020. The approved amount comprises only the capital component of the Police Trust Fund 2020 budget.

Chairman of the Senate Committee on Police Affairs, Senator Halliru Jika, in his presentation on Wednesday, noted that the Joint Committee observed that “this is the first budget of the NPTF, since the establishment Act came into being in the year 2019.”

According to him, “only the 0.5 percent of the total revenue accrued to the federation account and 0.5 percent of the total VAT were remitted to the NPTF Account, adding that, “other sources of revenue as prescribed in the NPTF Establishment Act have not made any remittance.”

He, therefore, called on the NPTF to expedite action on the implementation of the 2020 budget in other to meet up with the deadline of 30th April 2021.

Giving a breakdown of the budget component, the lawmaker said projected income was put at N34, 984,314,243; and N11, 354,457,101.70 for capital, adding that the balance of N23, 631,857,141.30 will be carried over to the 2021 budget of the NPTF.

 

He added that the purchase of utility vehicles in the budget was replaced with procurement of the Covid-19 protection kits for Police personnel amounting to N358, 379,191.00; and the sum of N533, 894,117.70 earmarked for the procurement of drugs and medical equipment.

The Senate President in his remarks said the approval of the NPTF budget would help the  police to increase their capacities and  provide better and improved services across the country.

“This is one of the benefits of what we have passed here – the Police Trust Fund – and I’m sure that the National Assembly will continue to support our security agencies for optimal performance,” Lawan said.

The Senate also approved a recommendation that the implementation of the NPTF 2020 budget would lapse on the 30th of April, 2021.

 

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