Senate Approves N57bn as Nigeria Police Trust Fund 2023 Budget
POLITICS DIGEST- The Senate yesterday, passed the sum of N57,014,287,532.00 as the 2023 budget of the Nigeria Police Trust Fund.
Out of the amount, capital expenditure is to gulp N47,024,803,541.18, while total recurrent expenditure was put at of N9,989,483,990.00.
The approval of the 2023 NPTF budget 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 Nigeria Police Trust Fund by the Senate.
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The Chairman, Senate Committee on Police Affairs, Senator Ahmed Mallam-Madori, presented the report on the floor during plenary.
The Joint Committee in its report 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 per cent of total revenue accrued to the Federation Accounts amounting to N56,205,355,774.00 and 0.05 per cent 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.”
