Senate passes N57bn budget for Nigeria Police trust fund


The Nigerian Senate has passed the 2023 Budget of the Nigeria Police Trust Fund pegged at N57bn.

This followed the consideration and adoption of the report of the Senate and House of Representatives Joint Committees on Police Affairs on the 2023 budget proposal of the NPTF by the Senate.

According to the Nigeria Police Trust Fund budget which was presented on the floor during plenary by the Chairman, Senate Committee on Police Affairs, Ahmed Madori on Tuesday, capital expenditure amasses N47,024,803,541.18 while total recurrent expenditure is pegged at N9,989,483,990.00.

In a report, the joint committee of the Senate and House of Representatives observed that “this is the fourth budget of the NPTF since its inception in 2019.

“That the NPTF is currently carrying on with the implementation of its 2022 approved budget.

“That the 2023 accrued revenue of the NPTF is as follows: 0.5% of total revenue accrued to the Federation Accounts amounting to N56,205,355,774.00.”

It added, “0.05% of the net profit of companies in Nigeria is N308,931,758,00; Aids, Grants and Donations generated the sum of N500,000,000.00.”

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