Senate approves N74.773bn 2021 budget for Police Trust Fund

Senate has approved the sum of N74,773,601,916 billion as 2021 budget for the Nigeria Police Trust Fund. The approval was sequel to the consideration of a report by the Joint Committee of the Senate and House of Representatives on Police Affairs.  In his presentation, Chairman of the Senate Committee on Police Affairs, Dauda Halliru Jika, who observed that the 2021 NPTF budget is the second since the establishment Act came into being in 2019, disclosed that the total revenue roll-over from 2020 was N23,632,857,141.30.

Giving a breakdown of the budget, the Senator said that 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. Senator Jika 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.