CRFFN to Spend ₦1.54 Billion on Staff Salaries, Freight Forwarders Training, Others

By DAPO OLAWUNI

The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) is proposing to spend a total budget of ₦1,544,944,153 for the 2026 fiscal year, with significant allocations directed toward personnel costs and capital projects aimed at strengthening the freight forwarding sector.

This was contained in details of the budget uploaded on the website of the Budget Office of the Federation.

According to the budget breakdown, personnel costs constitute the largest share of expenditure at ₦784,944,153, representing over half of the total allocation.

This includes ₦670,135,811 for salaries and wages, while allowances and social contributions account for ₦114,808,342.

Under social contributions, the Council has earmarked ₦32,953,104 for the National Health Insurance Scheme (NHIS), ₦66,906,209 for contributory pension (employer’s contribution), and ₦7,771,724 for the Employees’ Compensation Scheme (ECS).Other recurrent costs total ₦270 million, covering overhead expenses across various categories.

Notable allocations include ₦57.5 million for travel and transport, ₦32.89 million for training programs (split between ₦29.7 million for local training and ₦3.186 million for international training), and ₦27.458 million for other services including office rent (₦15.434 million) and security charges (₦2.589 million).

The Council has also budgeted ₦25.082 million for consulting and professional services, with financial consulting receiving ₦13.211 million, legal services ₦9.126 million, and information technology consulting ₦2.743 million.

Capital expenditure accounts for ₦490 million of the total budget, divided across three major categories: fixed assets purchases (₦60.276 million), rehabilitation and repairs (₦207.2 million), and other capital projects (₦222.523 million).Among ongoing projects, the rehabilitation of the Nigerian Institute of Freight Forwarders receives the highest allocation at ₦162 million, while the Freight Forwarders Capacity Building project is allocated ₦70 million.

Other significant projects include Transportation Risk Management (₦51.723 million), Human Capital Development for Revenue Generation Enhancement (₦52.5 million), and the CRFFN International Curriculum Development by FIATA and TIACA (₦15.4 million).

The budget reveals a deficit, with total allocation matching total expenditure at ₦1,544,944,153, resulting in a surplus (deficit) revenue over expenditure of -₦1,544,944,153, indicating the Council expects no retained revenue and zero aid or grants for the fiscal year.