Niger Delta Development Commission proposes N1.9trillion for 2024 budget
The Niger Delta Development Commission (NDDC) on Tuesday presented budget proposal to the House of Representatives Committee an aggregate expenditure of N1.911 trillion for the 2024 budget, tagged Budget of Renewed Hope.
Penpushing reports that the Managing Director of Niger Delta Development Commission (NDDC), Samuel Ogbuku, made the presentation explaining that the primary objective in preparing the budget was to achieve the sustainable economic development for which the commission was founded.
The Managing Director said, a critical focus of this budget is the present management commitment to a greater future adding 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.
Penpushing further reports that he explained that this, 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.
The Managing Director stated that the commission carried forward N105 billion from 2023, pointing out that despite the challenges, the commission had continued to meet its obligations, stressing that the proposed personnel budget estimate for 2024 is N38.5 billion, and that the agency shall sustain its efforts in managing overhead costs projected at N29.2 billion.
Penpushing also reports that the chairperson of the committee, Suenu Ibori said that a budget remained a crucial component of any organisation’s success and progress adding that the committee was committed to examining thoroughly the 2024 budget to ensure its optimal use.
The Chairperson stated that it was the responsibility of the committee to scrutinise the budget, stressing that the goal is to ensure that they are realistic and achievable and, in the region’s, best interest, as she 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.
Penpushing reports that Ibori in same vein commended Niger Delta Development Commission (NDDC) for its intervention in the energy sector through Operation light up the Niger Delta, noting that this had benefited many communities, with assurance that there was still room for improvement.
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