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

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 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...
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KENYA SIGNS SOVEREIGN WEALTH FUND BILL INTO LAW. (PHOTO).

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 Kenya signs Sovereign Wealth Fund bill into law


Kenyan President William Ruto has signed the Sovereign Wealth Fund Bill 2026 into law, aiming to strengthen fiscal management, safeguard national wealth and support long-term economic growth.


The bill is set to help the country save surplus public resources, finance strategic investments, and cushion the economy against future financial shocks.


The new law also establishes a framework that reserves 30 percent of Kenya’s petroleum and mineral revenues for future generations.


It is expected to improve the country’s financial resilience while promoting prudent management of public resources.


What bill entails


The law sets aside 30% of natural resource revenues for future generations, creating a financial buffer to protect the economy from global crises, economic shocks and fluctuations in resource income, TRT Afrika reported.


The fund will become fully operational once it reaches KSh 200 billion (over $1.5 billion) and a board is appointed.


The new law also introduces strict transparency measures, including regular public reporting, audits by the Auditor-General, and tough penalties for anyone found guilty of misusing the funds.

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