Senate approves N11bn 2020 budget for Police Trust Fund
By Kingsley Okoye
The Senate has approved N11 billion as 2020 budget for Nigeria Police Trust Fund (NPFT).
This followed the consideration of the harmonised report of the Senate and House of Representatives Committee on Police Affairs at Wednesday’s plenary.
The implementation of the NPTF 2020 budget would lapse on April 30, 2021.
Chairman of the senate committee on Police Affairs, Sen. Halliru Jika,(APC- Bauchi) in his presentation said the joint committee observed that the budget was the first since the establishment of the fund in 2019.
According to him, only the 0.5 per cent of the total revenue accruing to the federation account and 0.5 per cent of the total Value Added Tax (VAT)were remitted to the NPTF account.
He said other revenue sources prescribed in the NPTF act did not made remittance.
He urged the NPTF to expedite action on the implementation of the 2020 budget to meet up with the deadline of April 30, 2021.
The Senate President, Dr Ahmed Lawan said the approval of the NPTF budget would help the police to increase their capacities towards providing better and improved services in 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,” Lawan said. (NAN)
Published By
Has also recently published
General NewsJune 27, 2024Nigeria requires N348trn to address infrastructure deficit -ICRC D-G
BusinessJune 26, 2024Ways and means securitisation responsible for N24trn debt rise – DMO
SportsJune 26, 2024Paris Olympics: We’re ready to surpass previous achievements – NOC
Defence/SecurityJune 26, 2024Recruitment: Okiro urges harmony between PSC, Police
