Let’s Support Farmer Mohammed Umar Bago administration—-IJah
The Niger Delta Development Commission (NDDC) has proposed a total aggregate expenditure of N1.911 trillion as the 2024 budget.
The NDDC Managing Director, Samuel Ogbuku, presented the budget before the House of Representatives Committee on NDDC on Tuesday in Abuja.
According to NDDC, the primary objective in preparing the budget was to achieve the sustainable economic development for which the commission was founded.
Speaking further, the managing director said that the commission’s actual aggregate revenue in inflows on 30 April was N683.2 billion, approximately 78 per cent of the targeted N876 billion.
This, according to him, comprises N146.4 billion, representing 122 per cent from the Federal Government and N394.5 billion, representing 14 per cent from the oil and gas companies.
“We carried forward N105 billion from 2023,” NDDC Managing Director declared.
The NDDC added that despite the challenges, the commission had continued to meet its obligations.
“The proposed personnel budget estimate for 2024 is N38.5 billion, adding that “we shall sustain our efforts in managing our overhead costs projected at N29.2 billion.”
Responding, the Chairman House Committee on NDDC, Suenu Ibori said that a budget remained a crucial component of any organisation’s success and progress.
She said the committee was committed to examining thoroughly the 2024 budget to ensure its optimal use.
“It is our responsibility as a committee to scrutinise your budget. Our goal is to ensure that they are realistic and achievable and in the region’s best interest,” she said.
Ms Ibori commended the commission for recording remarkable improvement, especially in health and education, adding that the commission was duty-bound to drive development in the region.
She also commended NDDC for its intervention in the energy sector through Operation light up the Niger Delta.
Ms Ibori said this had benefited many communities, adding that there was still room for improvement.
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