The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) has unveiled its proposed 2026 budget, totaling ₦1,544,944,153. The plan centers on personnel costs and strategic capital projects aimed at strengthening the freight forwarding sector.

Personnel costs dominate the budget at ₦784,944,153 (over half of the total). This includes ₦670,135,811 in salaries and wages, with ₦114,808,342 allocated for allowances and social contributions. Social contributions earmarked total ₦106,? (No, breakdown shows: NHIS ₦32,953,104; employer pension ₦66,906,209; Employees’ Compensation Scheme ₦7,771,724)., Other recurrent costs amount to about ₦270 million to cover various overheads, Training and travel: ₦32.89 million for training (₦29.7m local, ₦3.186m international) and ₦57.5 million for travel and transport., Consulting and professional services: ₦25.082 million (financial ₦13.211m; legal ₦9.126m; IT ₦2.743m)., Capital expenditure: ₦490 million allocated across fixed assets (₦60.276m), rehabilitation and repairs (₦207.2m), and other capital projects (₦222.523m)., Notable ongoing projects: rehabilitation of the Nigerian Institute of Freight Forwarders (₦162m) and the Freight Forwarders Capacity Building project (₦70m)., Other projects include Transportation Risk Management (₦51.723m), Human Capital Development for Revenue Generation (₦52.5m), and CRFFN International Curriculum Development by FIATA and TIACA (₦15.4m).

Budget

The budget shows a deficit on paper, with total allocations matching total expenditure (−₦1,544,944,153). The plan indicates no retained revenue and no grants for the year. CRFFN’s 2026 plan prioritises staff compensation and capacity-building initiatives, while also funding capital improvements and key sector programs intended to fortify freight forwarding operations in Nigeria.