By Andrew Oota
Barely a month to the end of the year, Senate has approved the Nigerian Police Trust Funds budget to the tune of N57,014,287,532.00 for the year 2023 .
The Capital Expenditure component of the budget was put at N47,024,803,541.18 and the sum of N9,989,483,990.00. for recurrent .
This was on the heels of the consideration and adoption of the report of the Senate and House of Representatives joint Committees on Police Affairs .
Chairman, Senate Committee on Police Affairs, Senator Ahmed Mallam-Madori, presented the report on the floor of the Senate for consideration .
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 “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.”