Breaking down the budget, a substantial portion of N47,024,803,541.18 is allocated for capital expenditure, while the total recurrent expenditure stands at N9,989,483,990.00.
This milestone in the passage of the 2023 NPTF budget came after thorough consideration and the adoption of the report presented by the Senate and House of Representatives Joint Committees on Police Affairs.
Ahmed Madori, the Chairman of the Senate Committee on Police Affairs, took the floor during plenary to present the comprehensive report.
Chairman Ahmed Madori 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% 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.”
