2009: Senate Approves N128.4bn For NDDC

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The Senate has passed N128.4 billion as the 2009 budget for the Niger Delta Development Commission (NDDC).

The figure is about N31.8 billion higher than N96.6 billion which President Yar’Adua presented to the Senate for consideration.

Senate President, David Mark, who spoke during the passage of the budget in Abuja, Tuesday, said 90 per cent of the problem in Niger Delta is as a result of lack of implementation of the bdget of the NDDC.

Mark noted that it was not the allocation that counts but the implementation.

Earlier, Senate committee chairman on Niger Delta, Senator James Manager, explained that the committee arrived at the budgetary increase through roll over of N26.8 billion from the 2008 budget of the NDDC.

Manager hinted that the increase from the contributions of the oil companies from N45 billion to N50 billion.

NDDC expenditure for 2009 will now go for N4.1 billion personal expenditure, N4.0 billion will take care of recurrent expenditure while internal capital expenditure will gulp N1.2 billion.

The sum of N119.0 billion will settle for project development expenditure, bringing the budget to N128.4 billion.