NASS Passes N1.911trn NDDC Budget, Goes On Recess, To Resume July 2

The Senate on Tuesday passed N1.911trn budget for the Niger Delta Development Commission (NDDC) after which it went on recess.

The passage of the budget followed a presentation for consideration by its committee on NDDC during plenary.

The chairman of the Senate Committee on NDDC, Senator Asuquo Ekpeyoung (APC–Akwa Ibom South), presented the report, which indicated that the NDDC proposed to borrow N1 trillion to fund its 2024 budget.

The proposition for borrowing was faulted by the senators, who urged the commission to work with relevant government agencies like the Debt Management Office (DMO) and also comply with the Fiscal Responsibility Act on the process of loan approval.

The report indicated that 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.

In adjourning plenary session to resume on Tuesday, July 2, Senate President, Godswill Akpabio, announced that the recess was to enable the lawmakers to participate in the activities marking the 2024 Democracy Day.

He added that the senators will be involved in the upper house’s end-of-session break, having been inaugurated on June 13, 2023.

The 10th National Assembly will be one year in office on Thursday, June 13.

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