The Senate, on Tuesday, approved the sum of N74,773,601,916 billion as the 2022 budget for the Nigerian Police Trust Fund.
Senate’s action followed the consideration of a report by the Joint Committee of the Senate and House of Representatives on Police Affairs.
The 2021 NPTF budget is the second since the NPTF Establishment Act came into force in 2019.
In hispresentation, Chairman of the Senate Committee on Police Affairs, Dauda HalliruJika (APC, Bauchi Central), said the sum of N988,279,006.05 contained in the budget is for Personnel Cost, while N10,027,610,310.25 is reserved for Overheads Expenditure.
This is as N11,015,889,316.30 goes for Recurrent and N63,757,712,600.00 for Capital Expenditure.
Giving a breakdown on the figures, Jika disclosed that 0.5 percent of the Total Revenue Accrued to Federation Accounts at N41,867,680,099.00; with 0.05 percent of Total Value Added Tax (VAT) standing at N8,824,064,676.00.
While another 0.05 percent of the Net Profit of Companies in Nigeria is pegged at N300,000,000 while Aids, Grants, and Donations represented at N150,000,000.
He explained that the total revenue roll-over from 2020 was N23,632,857,141.30.
Earlier in May 2021, the National Assembly Joint Committee on Police Affairs approved 2021budget of N74 billion for the Nigeria Police Trust Fund (NPTF).
The N74billion budgets reportedly captured all the demands of the fund which included training and retraining of personnel of the Nigeria Personnel Force (NPF).
The Appropriation was to ensure the procurement of the state-of-the-art equipment for the police.
However, efforts by the Senate Committee on Public Accounts to clarify the procurement process and other expenditures by the Police Force met a brick wall.
In a report, the Senator Matthew Urhoghide (PDP Edo South) led Committee had accused theforce and six other agencies of not honouring invitation to furnish thecommittee with details of financial dealings.