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The Senate has approved N11,352,457.70 as the budget for the Nigeria Police Trust Fund in the 2020 fiscal year.
The approval followed the consideration of the harmonized report of the Senate and House of Representatives Committee on Police Affairs.
The implementation of the approved NPTP 2020 budget is set to elapse on the 30th of April, 2021.
Senator Halliru Jika, Chairman of the Senate Committee on Police Affairs on Wednesday presented the report of hid committee at the plenary.
According to Jika, it was the first budget of the NPTF since the establishment Act came into being in 2019.
He said, “Only 0.5 per cent of the total revenue accrued to the federation account and 0.5 per cent of the total VAT were remitted to the NPTF Account.
“Other sources of revenue as prescribed in the NPTF Establishment Act have not made any remittance.”
He urged 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.
He, however, explained that the balance of N23,631,857,141.30 will be carried over to the 2021 budget of the NPTF.
In his address, Ahmad Lawan, the Senate President said the approval of the NPTF budget would help the police to increase their capacities and of course, provide better and improved services across the country.
He said, “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.”
This post was written by Obiajulu Joel Nwolu.
The views expressed here belong to the author and do not necessarily reflect our views and opinions.