FRSC generated N5.9bn in 2024 — Official

The Federal Road Safety Corps has provided detailed clarification on its 2024 revenue performance, disclosing that N1.9 billion of the total N5.9 billion generated came from fines for traffic violations.

The explanation was given by the Corps Marshal, Shehu Mohammed, during his presentation to the House of Representatives Committee on the FRSC on Thursday.

In a statement signed by the FRSC spokesperson, Olusegun Ogungbemide, Mohammed addressed questions concerning the N1.9 billion figure mentioned during a Senate committee review. He confirmed that the amount represented fines collected from traffic offenders and was remitted directly to the Federation Account.

Mohammed further explained that additional revenue streams, including vehicle number plates, driver’s licences, signage, training programmes, and towing services, contributed another N3.2 billion, bringing the total revenue generated by the Corps in 2024 to N5.9 billion.

“Outside the N1.9 billion generated from fines, other operational surpluses paid as revenue by the FRSC last year were from number plates, driver’s licences, signage, training, and towing services, which totalled N3.2 billion, bringing the overall revenue generated by the Corps in 2024 to N5.9 billion.

“All of these were duly remitted to the Federation Account as indicated in our 2024 report,” Mohammed clarified.
The committee commended the FRSC for exceeding its initial revenue
projection of N2.9 billion by 100 per cent.

Members attributed this impressive performance to increased enforcement of traffic laws and urged the Corps to maintain its efforts in 2025, with particular emphasis on addressing traffic light violations in the Federal Capital Territory.

They suggested closer collaboration with the FCT Administration to ensure all traffic lights are functional, thereby improving enforcement and enhancing revenue generation.

Following the clarification, the committee adopted the FRSC’s 2024 performance report and proceeded to deliberate on the agency’s 2025 budget proposals.