N1.75trn NDDC budget must deliver real impact for Niger Delta – Reps Committee
The Home of Representatives Committee on the Niger Delta Pattern Commission (NDDC) has acknowledged the Commission’s proposed N1.75 trillion 2025 funds have to lead to determined and lasting construction in communities across the Niger Delta.
The committee chairman, Hon. Erhiatake Ibori-Suenu, made the declaration on Tuesday for the length of the NDDC’s funds defence session at the National Assembly. She cautioned that lawmakers would no longer address the funds review as a routine exercise, stressing that the funds record renewed expectations for folk residing in the oil-producing disclose.
Per her, the funds ought to be of us-centered, transparent, and based on national construction priorities.
“The NDDC funds represents hope, opportunity, and the promise of a bigger quality of lifestyles for our of us,” Ibori-Suenu acknowledged. “Every line item ought to be purposeful and aligned with the Renewed Hope Agenda. This Committee will declare on accountability, transparency, and mark for cash.”
She acknowledged the Home would closely gape the funds to create certain it produces measurable results in key areas alongside with infrastructure, human capacity construction, early life empowerment, and financial inclusion.
Ibori-Suenu acknowledged the reform steps taken by the Commission but emphasised that persevered beef up from lawmakers would rely on efficiency and right affect on the floor.
“The of us of the Niger Delta deserve initiatives they’ll appreciate, spend, and beget the again of,” she acknowledged, alongside with that the committee would retain sturdy oversight to create certain upright implementation of the funds.
Earlier, the Managing Director and Chief Govt Officer of the NDDC, Mr. Samuel Ogbuku, introduced the Commission’s N1.75 trillion 2025 funds proposal, which he described as a “Funds of Consolidation.”
Ogbuku acknowledged the proposal marks a lunge from transactional governance to a construction method centered on results and lengthy-term transformation.
He explained that the funds aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda and shows the reform agenda of the present NDDC administration.
The Managing Director effectively-known that the Commission adopted a no-borrowing coverage, which resulted in a nine per cent reduction from the 2024 funds.
He disclosed that personnel costs beget been projected at N47.5 billion, overhead costs at N96.4 billion, while capital expenditure remained the predominant focal level of the funds.
Ogbuku additionally printed that the Commission had moved away from line-item budgeting to sector-based allocations in teach to lower delays and make stronger mission execution.
Reviewing the Commission’s 2024 efficiency, he acknowledged the NDDC surpassed its revenue target, recording N1.945 trillion in right revenue in opposition to a projected N1.911 trillion.
