Home News Senate approves N11.34bn for Nigeria Police Trust Fund

Senate approves N11.34bn for Nigeria Police Trust Fund

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The Senate has  approved the sum of N11,352,457,101.70 for the Nigeria Police Trust Fund (NPTF) in the 2020 fiscal year.

The approval was due to harmonized report of the Senate and House of Representatives Committee on Police Affairs.

The implementation of the NPTF 2020 budget would lapse on 30th April 2021.

Speaking, Chairman of the Senate Committee on Police Affairs, Senator Halliru  said that the Joint Committee observed that it is the first budget of the NPTF since the establishment Act came into being in 2019.

According to him, “only the 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, adding that “other sources of revenue as prescribed in the NPTF Establishment Act have not made any remittance.”

He tasked the NPTF to expedite action on the implementation of the 2020 budget with a view  to meeting the deadline of 30th April 2021.

Acccording to the lawmaker, the projected income was put at N34,984,314,243; and N11,354,457,101.70 for capital.

He, added that the balance of N23,631,857,141.30 would be carried over to the 2021 budget of the NPTF.

The Senate President, Ahmad Lawan, said that the approval of the NPTF budget would “help the police increase their capacities and of course, 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 added.