2023 Budget: FCCPC tribunal generates N162,000 after spending N762 million

Chairman of the Federal Competition and Consumer Protection Commission (FCCPC) Tribunal, Hajiya Saratu Mama Shafii has revealed that her agency generated a paltry sum of N162,000 internally generated revenue for the year, 2022.

She said further that following the provision of releases for 2022, the tribunal received the sum of N87.5 million representing about 58 percent and N675 million representing about 75 percent for the overhead and capital expenditure respectively.

She also stated that the tribunal was yet to be captured on remita platform in order to remit its revenue into the Consolidated Revenue Fund (CRF).

She stated this on Monday, while responding to questions by Senators on the agency’s budget performance.

Mama Shafii added that the tribunal has written several letters to the Acting Accountant General on the issue.

The chairman made this known at the budget defence of the Senate Committee on Trade and Investment held in Abuja.

“The Revenue generated so far has not been remitted to the consolidated Revenue fund because, the tribunal has not been captured on the remita platform, we have written several letters and we have also spoken to the Acting Accountant General on the issue” she said.

“So far on internally generated revenue, we have just N162,000 which was IGR we were able to get from fees and fines”.

Presenting a breakdown of the 2023 budget to the Senate Committee, she noted that “the key fact in the budget for 2023, personnel cost we have a total of N154 million which is to cover payments for salaries and allowances. That is a slight increase to that of 2022.

“For overhead cost we have N159million, and this is an increase of 6.5 percent of 2022. For capital expenditure, we have N586million for on going projects and programmes, there is 35 percent reduction from what we got in 2022”.