NDDC: Senate Approves N453.2b Budget Amid Forensic Audit

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Coalition Rejects Move To Add Bauchi, Ogun & Lagos To NDDC - Ijaw News

The Senate on Monday passed the sum of N453,200,000,000.00 as the budget of the Niger Delta Development Commission (NDDC) for the 2020 fiscal year.

This followed the presentation of the report of the Senate Committee on Niger Delta by its vice chairman, Senator Amos Bulus at Monday’s plenary.

The committee, in its recommendation, noted that the revenue profile of the NDDC for 2020 comprised N12billion  brought forward; N63,506,151,945 from the  Federal Government; N63,506,151,945 N317,493,848,055 from  oil companies,  the Nigeria Liquified Natural Gas Limited (NLNG) and others contributors; N60 billion Ecological fund as well as N200 million internal revenue.

Bulus added that after due consideration, the members recommended that the expenditure profile of the NDDC for 2020 should constitute personnel cost of N27.389 billion;  overhead expenditure of N13,937,244,107;  internal capital expenditure of N2,793,755,893  and development projects,   N409.080 billion.

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He added that the committee members  recommended that the 2020 budget of the NDDC would elapse March 31, 2021.

All the recommendations of the committee were approved by the Senate after due consideration.

The approval comes amid controversies over the utilization of funds by the recently sacked Daniel Pondei-led Interim Management Committee of the agency.

In addition, the appointment of a sole administrator for the commission in contravention of the NDDC act as generated ripples among stakeholders in the region.

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