Nigerian lawmakers, Wednesday, approved the sum of N11,352,457,101.70 as the budget for the Nigeria Police Trust Fund (NPTF) in the 2020 fiscal year.
The approval came following considerations of the harmonized report of the Senate and House of Representatives Committee on Police Affairs.
The implementation of the NPTF 2020 budget would lapse on 30th April 2021.
Chairman of the Senate Committee on Police Affairs, Senator Halliru Jika, in his presentation, said the Joint Committee observed that it is the first budget of the NPTF since the establishment Act came into being in 2019.
According to him, “only the 0.5 per cent of the total revenue accrued to the federation account and 0.5 per cent of the total VAT were remitted to the NPTF Account, adding that “other sources of revenue as prescribed in the NPTF Establishment Act have not made any remittance.”
He called on the NPTF to expedite action on the implementation of the 2020 budget to meet the deadline of 30th April 2021.
Giving a breakdown of the budget component, the lawmaker said projected income was put at N34,984,314,243; and N11,354,457,101.70 for capital.
He, however, explained that the balance of N23,631,857,141.30 would be carried over to the 2021 budget of the NPTF.