By Jeph Ajobaju, Chief Copy Editor
Senators have approved N74,773,601,916 billion for the Nigeria Police Trust Fund (NPTF) as its budget for 2022 after the consideration of a report by the Joint Committee of the Senate and House of Representatives on Police Affairs.
Senate Police Affairs Committee Chairman, Dauda Jika (APC, Bauchi Central), noted in his presentation that the 2021 budget is the second since the NPTF establishment Act became operational in 2019.
He disclosed total revenue roll-over of N23,632,857,141.30 from 2020.
Of the approved sum, Personnel Cost accounts for N988,279,006.05 Overheads Expenditure (N10,027,610,310.25), Recurrent Expenditure (N11,015,889,316.30), and Capital Expenditure (N63,757,712,600.00).
Jika listed 2021 accrued revenue are as follows:
· 0.5 per cent of Total Revenue Accrued to Federation Accounts Revenue – N41,867,680,099.00
· 0.05 per cent of Total Value Added Tax (VAT) – N8,824,064,676.00
· 0.05 percent of Net Profit of Companies in Nigeria – N 300,000,000
· Aids, Grants, and Donations – N150,000,000