The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) has unveiled its proposed 2026 budget, totaling \u20a61,544,944,153. The plan centers on personnel costs and strategic capital projects aimed at strengthening the freight forwarding sector.<\/p>\n
<\/p>\n
Personnel costs dominate the budget at \u20a6784,944,153 (over half of the total). This includes \u20a6670,135,811 in salaries and wages, with \u20a6114,808,342 allocated for allowances and social contributions. Social contributions earmarked total \u20a6106,? (No, breakdown shows: NHIS \u20a632,953,104; employer pension \u20a666,906,209; Employees\u2019 Compensation Scheme \u20a67,771,724)., Other recurrent costs amount to about \u20a6270 million to cover various overheads, Training and travel: \u20a632.89 million for training (\u20a629.7m local, \u20a63.186m international) and \u20a657.5 million for travel and transport., Consulting and professional services: \u20a625.082 million (financial \u20a613.211m; legal \u20a69.126m; IT \u20a62.743m)., Capital expenditure: \u20a6490 million allocated across fixed assets (\u20a660.276m), rehabilitation and repairs (\u20a6207.2m), and other capital projects (\u20a6222.523m)., Notable ongoing projects: rehabilitation of the Nigerian Institute of Freight Forwarders (\u20a6162m) and the Freight Forwarders Capacity Building project (\u20a670m)., Other projects include Transportation Risk Management (\u20a651.723m), Human Capital Development for Revenue Generation (\u20a652.5m), and CRFFN International Curriculum Development by FIATA and TIACA (\u20a615.4m).<\/p>\n
Budget<\/p>\n
The budget shows a deficit on paper, with total allocations matching total expenditure (\u2212\u20a61,544,944,153). The plan indicates no retained revenue and no grants for the year. CRFFN\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) has unveiled its proposed 2026 budget, totaling \u20a61,544,944,153. The plan centers on personnel costs and strategic capital projects aimed at strengthening the freight...<\/p>\n","protected":false},"author":2,"featured_media":10322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-10321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-music"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/10321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=10321"}],"version-history":[{"count":1,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/10321\/revisions"}],"predecessor-version":[{"id":10323,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/10321\/revisions\/10323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media\/10322"}],"wp:attachment":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=10321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=10321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=10321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}