By Chuks Okocha
The Nigerian Senate has passed the Niger Delta Development Commission’s N453,200,000,000 budget for 2020.
The budget for the Commission covers capital, personnel expenditure, Overhead Expenditure, Internal Capital Expenditure and Development Projects for the period ending on March 31, 2021.
The passage of the budget was as a result of the consideration of the report by the Chairman, Senate Committee on Niger Delta Affairs, Senator Peter Nwaoboshi, Peoples Democratic Party, PDP, Delta North that the Senate “do receive and consider the report of the Committee on the 2020 Budget estimates…”
The Committee on Niger Delta chairman, Senator Nwaoboshi, who laid the NDDC budget before the Senate said that the Committee carried out a holistic oversight of the Commission and noted that the developmental aspect of the budget was basically a rollover of the 2019 Budget which was in furtherance of the drive to ensure completion of ongoing projects.
Presenting the report, he said, “That the Senate do consider the report of the Committee on Niger Delta Development Commission (NDDC) on the issue from the Statutory Revenue Fund of the Niger Delta Development Commission (NDDC), the Total Sum of N453,200,000,000.00 only.
“Of the sum, N27,389,000,000 is for personnel expenditure; N13,937,244,107 is for overhead expenditure; N2,793,755,893, internal capital, and N409,080,000,000 for development projects for the period ending March 31, 2021.”