Senate Okays N74.78bn For Police Trust Fund

The Senate on Wednesday approved the sum of N74,773,601,916.30
as 2021 budget of the Nigeria Police Trust Fund.

The approval followed the presentation of the harmonised report
of the Senate and House of Representatives Committees on Police
Affairs on the floor at plenary.

Chairman Senate Committee on Police Affairs, Senator Haliru
Dauda Jika, presented the report.

Of the amount, N988,279,006.05 was earmarked for personnel cost,
N10,027,610,310.25 for overhead expenditure and N63,757,712,600.00
as capital expenditure.

Senator Jika (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.

He explained that the 2021 accrued revenue are as follows: 0.5
per cent of the total revenue accrued to the Federation Accounts
Revenue at N41,867,680,099.00; 0.05 per cent of total Value Added
Tax (VAT) at N8,824,064,676.00; 0.05 per cent of the Net Profit of
Companies in Nigeria at N300,000,000; and Aids, Grants, and
Donations at N150,000,000.

The Senate on Wednesday approved the sum of N74,773,601,916.30
as 2021 budget of the Nigeria Police Trust Fund.

The approval followed the presentation of the harmonised report
of the Senate and House of Representatives Committees on Police
Affairs on the floor at plenary.

Chairman Senate Committee on Police Affairs, Senator Haliru
Dauda Jika, presented the report.

Of the amount, N988,279,006.05 was earmarked for personnel cost,
N10,027,610,310.25 for overhead expenditure and N63,757,712,600.00
as capital expenditure.

Senator Jika (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.

He explained that the 2021 accrued revenue are as follows: 0.5
per cent of the total revenue accrued to the Federation Accounts
Revenue at N41,867,680,099.00; 0.05 per cent of total Value Added
Tax (VAT) at N8,824,064,676.00; 0.05 per cent of the Net Profit of
Companies in Nigeria at N300,000,000; and Aids, Grants, and
Donations at N150,000,000.