NDDC PROPOSES N1.9TN BUDGET FOR 2024

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By Agency Report

The Niger Delta Development Commission’s “Budget of Renewed Hope” for 2024 calls for spending a total of N1.911 trillion.

The budget was submitted before the House of Representatives Committee on NDDC in Abuja on Tuesday by Mr. Samuel Ogbuku, the Managing Director of NDDC.

According to him, achieving the sustainable economic development for which the commission was established was the main goal in creating the budget.

Ogbuku said, “A critical focus of this budget is the present management commitment to a greater future.”

The managing director reported that as of April 30, the commission had received N683.2 billion in actual aggregate revenue in inflows, or roughly 78% 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,” the director added.

The head of the NDDC stated, “The commission has managed to fulfil its responsibilities in spite of the obstacles.

” He claims that N38.5 billion is the projected personnel budget estimate for 2024.

“We shall continue to manage our overhead costs, which are projected to be N29.2 billion,” he continued.

Suenu Ibori, the committee chairman, stated that a budget is still an essential part of every organization’s development and success.

She said that the committee will make sure the 2024 budget was used as efficiently as possible by carefully reviewing it.

“As a committee, it is our duty to carefully review your budget. We want to make sure that they are feasible, reasonable, and serve the interests of the area as a whole,” she stated.

Ibori praised the commission for demonstrating notable progress, particularly in the areas of health and education, and stated that it was the commission’s responsibility to promote regional development.

She also praised NDDC for its “Operation Light up the Niger Delta” energy sector engagement.

Ibori stated that numerous towns had profited from this, but there was sti