By Gloria Ikibah
The Niger Delta Development Commission (NDDC) has proposed an aggregate expenditure of N1.911 trillion for the 2024 budget, tagged “Budget of Renewed Hope”.
The Managing Director of NDDC, Samuel Ogbuku, who presented the budget before the House of Representatives Committee on NDDC, said the purpose of the budget was to achieve the sustainable economic development for which the commission was founded.
He said, “A critical focus of this budget is the present management commitment to a greater future.”
According to Ogbuku, the commission’s actual aggregate revenue in inflows on April 30 was N683.2 billion, approximately 78 per cent of the targeted N876 billion.
This he explained comprises N146.4 billion, representing 12 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,” he said.
The NDDC boss added that in spite of the challenges, the commission has continued to meet its obligations.
“The proposed personnel budget estimate for 2024 is N38.5 billion; we shall sustain our efforts in managing our overhead costs projected at N29.2 billion”, he added.
Chaurman, House Committee on NDDC, Rep. Suenu Ibori, said a budget remained a crucial component of any organisation’s success and progress, even as she assured that the committee would examine thoroughly the 2024 budget in order 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 best interest of the region,” she said.
Ibori commended the commission for recording remarkable improvements especially in health and education, and 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’, which she said has benefited many communities, adding that there was still room for improvement.