₦airaland Forum

The Senate, on Thursday, passed the 2015 budget of the Niger Delta Development Commission totalling N299.5bn.

The budget comprised of N271bn project (development) expenditure; N16.1bn personnel expenditure; N10.4bn overhead expenditure and N1.8bn as capital expenditure.

The Chairman, Senate Committee on Niger Delta, Senator James Manager, told his colleagues at plenary that the budget will be financed from a projected revenue of N300bn, part of which will be drawn from N160bn contribution from oil companies.

He also said the balance will come from the N70bn provision from the federal government; N40bn ecological funds; N20bn unpaid arrears by the federal government; N10bn being revenue brought forward and N100m Internally Generated Revenue.

Manager, said the budget also included N28.4bn non project expenditure which comprised personnel, overheads and the internal capital representing 9.5 per cent against 8.43 per cent proposed in 2014.

He also said the N271bn approved as project development expenditure represents N90.5 per cent of the total proposed budget as against the 91.46 percent proposed in 2014.

The senator said, “It is pertinent to mention that due to the peculiar nature of the NDDC budget, the committee finds that it is necessary to separate the capital budget meant for use internally by the commission, from capital budget meant for project development.”

He said the budget would be operative from January 1, 2015 to December 31, 2015.

He urged the senate to pursue the proper calculation and the release of 15 per cent statutory contribution by the federal government for the funding of the NDDC.

He stressed the need for the senate to assist in enforcing the payment of the statutory 50 per cent of monies meant for the NDDC member states from the ecological fund with a view to enhancing the commission’s revenue base.

Manager also urged the senate to direct the management of the NDDC to avoid “carrying out any virement in the approved budget without a recourse to the National Assembly.”

Meanwhile, the senate in plenary passed into law, Nigerian Immigration ammendment Bill 2015, which repealed the Nigerian Immigration Act of 1963.

The upper chamber also passed into law, the Nigerian Automotive Industry Development Plan Bill 2015.

Source: http://www.punchng.com/news/senate-aporoves-n299-5bn-nddc-budget/

Na our oil na We deserve lion share

I guess GEJ is scared of going back home to face "how did we benefit from you?". Now, the Delta has finally benefited from her son

The annoying thing is that large part of such previous huge budgets were either looted or misappropriated with no questioning from anyone including their e-warriors online.

The good news from now on is that the budgets will be monitored to ensure they're used for purpose since the Chief Looter is no longer in charge.

SHARIAREPORTERS:
Na our oil na
We deserve lion share

Even if we did, should it have been at this injury time of play? . If you ask me, I'd tell you it's a last minute looting strategy.

If only the Niger Delta people can ask their leaders some serious questions. The fact is that the amount of money that has so far been allocated to that region cannot be properly accounted for.

EUROBOMBER:
If only the Niger Delta people can ask their leaders some serious questions. The fact is that the amount of money that has so far been allocated to that region cannot be properly accounted for.

Now you're reasoning. I thought it was GEJ till 2019 for you before now.

EUROBOMBER:
If only the Niger Delta people can ask their leaders some serious questions. The fact is that the amount of money that has so far been allocated to that region cannot be properly accounted for.

Don't worry. This time they will account for every single kobo. Awareness don full ground.

EUROBOMBER:
If only the Niger Delta people can ask their leaders some serious questions. The fact is that the amount of money that has so far been allocated to that region cannot be properly accounted for.

See, this is where the problem is. Unfortunately, no one will ask or query since thugs pocketed these monies. The Federal Government knew this from the outset and this sudden wake-up project would deceive the not so fortunate ones when it comes to sharing...

PassingShot:
Now you're reasoning. I thought it was GEJ till 2019 for you before now.

Even the monies given to the region before Jonathan took power..

EUROBOMBER:
If only the Niger Delta people can ask their leaders some serious questions. The fact is that the amount of money that has so far been allocated to that region cannot be properly accounted for.

Aside corrupt leaders, the Niger Delta is so backwards in terms of development that billions of dollars will have to be spent before appreciable development can take place.

Another billions allocated for wastage....but hoping there will be a change

Before bastardss on this thread start talking crap, try and get some freaking education about spending in the Niger delta, before some of you punks run your mouths.

EUROBOMBER:
Even the monies given to the region before Jonathan took power..

ND is supposed to be Nigeria's Dubai if all monies pumped tgere were judiciously utilized. Instead, Ibori, Alams and their likes have cult followership despite their unpatriotic acts. People that should be declared persona non grata.