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2020 Budget: Senate approves N11.35b for Police Trust Fund

The Eagle Online by The Eagle Online
February 24, 2021
in Business, Economy, Featured
2 min read
0
Senate asks FG to effect 1% remittance into NASENI Account yearly
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The Senate on Wednesday approved the sum of N11,352,457,101.70 as budget for Nigeria Police Trust Fund in the 2020 fiscal year.

The approval came following consideration of the harmonised report of the Senate and House of Representatives Committee on Police Affairs.

The implementation of the NPTF 2020 Budget would lapse on April 30, 2021.

The Chairman of the Senate Committee on Police Affairs, Senator Halliru Jika, in his presentation 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 Jika: “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.

“Other sources of revenue as prescribed in the NPTF Establishment Act have not made any remittance.”

Jika, therefore, called on the NPTF to expedite action on the implementation of the 2020 budget in other to meet up with the deadline of April 30, 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 addition, he noted that the purchase of utility vehicles in the budget was replaced with procurement of 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, Ahmad Lawan, in his remarks 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.

“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.”

Tags: Ahmad LawanHaliru JikaHouse of RepresentativesNigeria Police Trust FundSenate
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