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Nairametrics
Home Business News

FEC approves PPP for Specialised Police Service Scheme

William Ukpe by William Ukpe
July 15, 2021
in Business News
Nigerian Companies will soon start contributing to the Police Trust Fund, Police Reforms, FG tasks expert and host institutions on Police Reforms, calls for membership of sub-technical committee on police reform.
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The Federal Executive Council (FEC) has approved a Public Private Partnership (PPP) for the introduction of a  Specialised Police Service Scheme for the Nigeria Police Force to enable the Police improve revenue and make operations more efficient.

This was disclosed by Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, on Wednesday after the FEC’s meeting in Abuja presided over by President Muhammadu Buhari in Abuja.

The Presidency revealed that the scheme which would be managed by a PPP would see the revenue generated from the scheme shared between the Federal Government, Police and the consultant.

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What the Presidency said

“There will be an introduction of tariffs and billing schemes. This will be using PPP (Public Private Partnership arrangement).

“The police projected the use of consultant that will help them to manage this. Part of the revenue will go to Federal Government. Part of it will go to the police; part of it will go into police allowances and part will go to consultants as their own fees.

“This is a new system that will formalise the existing relationship between the Nigeria Police and Banks or Corporations, whereby the Police gives them cover or escort,” he said.

Shehu added that in the interest of accountability and transparency, there will be the introduction of tariffs and billing schemes through the use of a consultant that will help them to manage the scheme.

“This is something that has been going on for many years in some parts of the world,”  Shehu added.

In case you missed it

Nairametrics reported yesterday that Vice President Yemi Osinbajo has stated that the implementation of Nigeria’s Public-Private Partnership (PPP) model of infrastructure development is a result of successful tax credit initiatives by the Federal Government.

Tags: Nigeria Police ForceSpecialised Police Service Scheme
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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