spot_imgspot_img
spot_img

Senate Passes N57bn Budget For Police Trust Fund

Date:

The Senate on Tuesday passed  N57bn as the 2023 Budget of the Nigeria Police Trust Fund.

According to the budget, capital expenditure is to gulp N47,024,803,541.18 while total recurrent expenditure is put at N9,989,483,990.00.

The passage 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 NPTF by the Senate.

The Chairman of the Senate Committee on Police Affairs, Ahmed 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% 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.”

Share post:

Subscribe

spot_img

Popular

More like this
Related

Police Rescue Kidnapped Victim, Neutralize One Suspect in Akwa Ibom

A 63-year-old retired Shell Petroleum Company Worker, abducted and...

Gunmen Kidnap Driver and Police Orderly of Traditional Ruler in Port Harcourt

Gunmen have kidnapped a driver and police orderly working...

Customs Intercepts Illicit Drug Cargo Valued at Millions of Naira in Onne Port

Nigeria Customs Service says contraband drugs worth millions of...

Federal Government Unveils Plans for Solid Minerals Sector to Boost Foreign Reserve

The federal government says the Solid Minerals Sector and...