The Federal Road Safety Corps (FRSC) has provided a comprehensive breakdown of its 2024 revenue generation, clarifying that a significant portion, N1.9 billion, stemmed from fines levied on traffic violators. This clarification was presented by Corps Marshal Shehu Mohammed during a session with the House of Representatives Committee on the FRSC. The clarification addresses earlier inquiries raised during a Senate committee review regarding the N1.9 billion figure. Mr. Mohammed confirmed that this sum represents the total amount collected from traffic offenders throughout the year, which was subsequently remitted to the Federation Account, in line with established financial procedures. This detailed explanation underscores the FRSC’s commitment to transparency and accountability in its financial dealings.
Beyond the revenue generated from traffic fines, the FRSC also detailed additional income streams contributing to its overall 2024 financial performance. These included revenue generated from services such as vehicle number plate issuance, driver’s license processing, signage, training programs, and towing services. These combined sources contributed N3.2 billion to the FRSC’s coffers. Cumulatively, the revenue from traffic fines and other operational surpluses resulted in a total of N5.9 billion generated by the Corps in 2024. This total significantly surpassed the initial revenue projection. The Corps Marshal emphasized that the entirety of this amount was duly remitted to the Federation Account, as documented in the FRSC’s official 2024 report. This reinforces the transparency of the FRSC’s financial operations and its adherence to proper fiscal protocols.
The clarification provided by the FRSC sheds light on the diverse revenue streams contributing to its financial stability. It also highlights the correlation between enhanced enforcement of traffic laws and increased revenue generation. The substantial revenue generated from traffic fines underscores the FRSC’s commitment to upholding road safety regulations and deterring traffic violations. Moreover, the additional revenue generated from other services emphasizes the FRSC’s multi-faceted approach to providing essential road safety services and resources to the public.
The House of Representatives Committee commended the FRSC for its exceptional performance in exceeding its initial revenue projection of N2.9 billion by an impressive 100%. The committee attributed this remarkable achievement to the Corps’ intensified efforts in enforcing traffic laws, leading to increased compliance and, consequently, higher revenue collection from fines. This commendation acknowledges the FRSC’s dedication to promoting road safety and its effectiveness in implementing measures to curb traffic violations. The committee encouraged the FRSC to maintain this momentum in 2025, particularly emphasizing the need to address traffic light violations within the Federal Capital Territory (FCT).
To further enhance enforcement efforts and revenue generation, the committee suggested closer cooperation between the FRSC and the FCT Administration. Specifically, they recommended collaborative efforts to ensure the full functionality of all traffic lights within the FCT. This collaborative approach is expected to improve the effectiveness of traffic law enforcement, particularly regarding traffic light violations, thereby enhancing both road safety and revenue generation. By addressing the issue of malfunctioning traffic lights, the FRSC can further strengthen its enforcement capabilities and promote greater adherence to traffic regulations.
Following the comprehensive clarification provided by the Corps Marshal and the subsequent deliberations, the House Committee formally adopted the FRSC’s 2024 performance report. This signifies the committee’s satisfaction with the FRSC’s financial performance and operational activities during the year. With the 2024 report approved, the committee then shifted its focus to the FRSC’s budget proposals for 2025, initiating discussions on resource allocation and strategic planning for the upcoming year. This forward-looking approach ensures that the FRSC has the necessary resources and strategic direction to continue fulfilling its mandate of promoting road safety and enhancing traffic management throughout the country.
