POLICE AFFAIRS
POLICE

N74.773bn budget approved for Police Trust Fund

1 min read

Following the rising insecurity across the country, the Nigerian Senate on Tuesday approved N74,773,601,916 billion as 2021 budget for the Police Trust Fund.

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

Chairman of the Senate Committee on Police Affairs, Dauda Halliru Jika (APC, Bauchi Central), in his presentation, observed that the 2021 NPTF budget is the second since the establishment Act came into being in 2019.
He disclosed that the total revenue roll-over from 2020 was N23,632,857,141.30.

Giving a breakdown of 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.

READ ALSO  FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries

He explained that the 2021 accrued revenue are as follows: 0.5 percent of 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 Profit of Companies in Nigeria – N 300,000,000; and Aids, Grants, and Donations – N150,000,000.

+ posts
READ ALSO  El-Zakzaky Files N2bn Suit Against DSS, AGF Over Seizure Of Passport