Lawmakers at the Red Chamber of Senate have approved the sum of N74,773,601,916.30 as the 2021 budget for the Nigeria Police Trust Fund.
In the fund approved, N63,757,712,600.00 was budgeted for capital expenditure, N10,027,610,310.25 for overhead expenditure, and N988,279,006.05 was earmarked for personnel cost.
The lawmakers’ approval followed the presentation of the harmonised report of the Senate and the House of Representatives Committees on Police Affairs. The Chairman, Senate Committee on Police Affairs, Senator Haliru Jika, presented the report during plenary on Wednesday.
In his presentation, Jika observed that the 2021 NPTF budget was the second since the establishment Act came into being in 2019, adding that the total revenue roll-over from 2020 was N23,632,857,141.30.
Giving a breakdown of the budget, the lawmaker said that the sum of N988,279,006.05 was for Personnel Cost; N10,027,610,310.25 for Overheads Expenditure; N11,015,889,316.30 for Recurrent; and N63,757,712,600.00 for Capital Expenditure.
He explained that the 2021 accrued revenue are as follows: 0.5 percent of the Total Revenue Accrued to Federation Accounts Revenue at N41,867,680,099.00; 0.05 percent of Total Value Added Tax (VAT) N8,824,064,676.00; 0.05 percent of the Net Profit of Companies in Nigeria – N 300,000,000; and Aids, Grants, and Donations – N150,000,000.
It would be recalled that President Muhammadu Buhari had in February transmitted the 2021 budget proposal for the Nigeria Police Trust Fund to the Senate for consideration and passage.
The request, the president said, was pursuant to the provisions of the Nigeria Police Trust Fund Act which provides for funding through a special intervention fund.
“Pursuant to Sections 4,5 and 21 of the Nigeria Police Trust Fund Establishment Act 2019, I forward herewith the 2021 budget proposal of the Nigeria Police Trust Fund for the kind consideration and passage by the Senate.
“The estimates of revenue and expenditure in the funds 2021 budget proposal, are consistent with the statutory purpose of the Nigeria Police Trust Fund terms of providing funding through a special intervention fund for: training and retraining of personnel of the Nigeria Police Force to enhance their skill and overall improvement, performance and efficiency in the discharge of their duties as well as responsibilities,” part of the letter read.
Buhari had clarified in his letter that allocated in the budget are funds for the procurement of state of the art equipment, operational vehicles, and other related facilities to enhance the skills of the personnel of the Nigeria Police Force in handling operational equipment.
Other budgetary allocations are construction of police stations, barracks, and other living facilities of personnel of the Nigeria Police Force and their dependents, procurement of instructional materials and training equipment, as well as paying for the cost of participation of personnel of the Nigeria Police Force at seminars, conferences, and other skill acquisition courses.