SENATE APPROVES ₦403.1BN POLICE TRUST FUND BUDGETS FOR 2025, 2026.(PHOTO).

Image
 SENATE APPROVES ₦403.1BN POLICE TRUST FUND BUDGETS FOR 2025, 2026 The Senate has approved a total of ₦403.1 billion for the Nigeria Police Trust Fund for the 2025 and 2026 fiscal years, to strengthen policing and tackle terrorism, kidnapping, and other security threats. The approved funding includes ₦170.1 billion for 2025 and ₦233 billion for 2026, covering personnel costs, capital projects, and overhead expenses aimed at improving the operational capacity of the Nigeria Police Force. Lawmakers say the funds will support the provision of critical equipment, infrastructure, training, and other resources needed to enhance security across the country. Meanwhile, President Bola Tinubu has sent a bill to the Senate seeking to repeal and reenact the Administration of Criminal Justice Act.  The proposed legislation aims to speed up the delivery of justice, promote the use of technology in criminal proceedings, and establish a Criminal Justice Monitoring Council to oversee implement...

NEW DATA FROM THE FEDERATION ACCOUNTS ALLOCATION COMMITTEE (FAAC), SHOWS THAT NIGERIAN STATES PAID N455.38 BILLION IN FOREIGN DEBT SERVICE IN 2025, UP FROM N362.08 BILLION IN 2024. THIS REPRESENTS A YEAR-ON-YEAR INCREASE OF N93.30 BILLION, OR 25.77 PER CENT.(PHOTO).


 New data from the Federation Accounts Allocation Committee (FAAC), shows that Nigerian states paid N455.38 billion in foreign debt service in 2025, up from N362.08 billion in 2024. This represents a year-on-year increase of N93.30 billion, or 25.77 per cent.


The rise indicates that states devoted a larger portion of their FAAC allocations to external debt obligations in 2025, leaving less fiscal space for salaries, capital projects, and routine governance.


A closer look shows a concentration of foreign debt service among a few states. The top 10 states accounted for 68.57% of the total in 2025.


Lagos led with N92.80 billion, up from N72.32 billion in 2024 (28.33%).


Rivers followed with N48.58 billion, more than doubling from N23.13 billion in 2024 (110.02%).

Kaduna recorded N47.93 billion, up N2.34 billion (5.13%).

Ogun’s deductions more than doubled to N25.20 billion from N11.99 billion (110.22%).

Cross River: N21.01 billion, up 22.86% from N17.10 billion.

Oyo: N20.17 billion, a 12.98% increase from N17.85 billion.

Edo: N18.70 billion, up 11.78% from N16.73 billion.

Bauchi: N16.85 billion, up 22.58% from N13.75 billion.

Kano: N10.63 billion, up 24.67% from N8.53 billion.

Ebonyi: N10.37 billion, up 53.09% from N6.77 billion.

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.