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Senate passes N57b Police Trust Fund budget

Senate passes N57b Police Trust Fund budget

The Nigerian Senate on Monday passed N57, 014,287,532.00 as 2023 budget of the Nigeria Police Trust Fund (NPTF).

Of the amount, the Capital Expenditure is N47, 024,803,541.18 while the Total Recurrent Expenditure is 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 this year’s budget proposal of the Nigeria Police Trust Fund by the Senate.

The chairman of the Senate Committee on Police Affairs, Ahmed Mallam-Madori, presented the report on the floor during plenary.

The joint committee said: “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, while 0.05 per cent of the net profit of companies in Nigeria is N308,931,758,00; and Aids, Grants and Donations generated the sum of N500,000,000.00.”

Also, the Senate has passed a Bill for the establishment of the Federal University of Technology and Environmental Sciences at Iyin, in Ekiti State.

This followed the consideration and adoption of the report of Senate Committee on Tertiary Institutions and the Tertiary Education Trust Fund (TETFund) yesterday at plenary.

The report was presented by Mohammmed Muntari (APC, Katsina).

In his lead debate, Muntari recalled that the Senate at plenary on October 26 debated the general principles of the Bill for an Act to provide for the establishment of the university, which was sponsored by Senate Leader Opeyemi Bamidele (APC, Ekiti).

The lawmaker said the school was designed to develop and offer academic and professional programmes leading to the award of diplomas, first degrees, postgraduate research and higher degrees.

 

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