NASS BEGINS RECESS, TO RECONVENE JULY 2

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The plenary session of the Senate has been adjourned. It will reconvene on Tuesday, July 2, 2024.

While presiding over Tuesday’s plenary session on the Red Chamber floor, Senate President Godswill Akpabio said this:.

According to Akpabio, the purpose of the vacation was to provide the legislators with a chance to take part in the events commemorating Democracy Day in 2024 and the Senate’s end-of-session break. The Senate was established on June 13, 2023.

On Thursday, June 13, the 10th National Assembly will mark one year in office.

The Niger Delta Development Commission’s statutory budget for 2024 was already approved by the Senate, with a total value of N1.911 trillion.

The Senate approved the budget after the upper chamber considered the report of its committee on NDDC during plenary

The chairman of the Senate Committee on NDDC, Senator Asuquo Ekpeyoung (APC–Akwa Ibom South), presented the report.

According to the report, the NDDC proposes to borrow N1 trillion to fund its 2024 budget.

However, senators faulted the proposed borrowing saying it did not follow due process.

They urged that the commission work with relevant government agencies like the Debt Management Office and also comply with the Fiscal Responsibility Act on the process of loan approval.

According to the report, the commission plans to spend N38.545 billion on personnel costs, N29.246 billion on overhead costs and N8.785 billion on internal capital.

The NDDC also projected N324 billion as the federal government’s contribution and N25 billion from the Ecological Fund.