Senate passes NDDC’s 2020 budget, 11 days to new year

Less than two weeks to end of the year, the Senate on Monday passed the sum of N453.2bn as the budget of Niger Delta Development Commission for 2020 fiscal year.

The Senate gave March 31, 2021 as the final spending date as the budget would elapse on that day.

This came after the presentation of the report of the Senate Committee on Niger Delta Affairs by the Vice Chairman of t he Committee, Senator Amos Kilawangs Bulus (Gombe South) at plenary.

In its recommendation, the committee stated that the revenue profile of the commission for year 2020 comprised revenue brought forward of N12 billion, Federal Government contribution of N63,506,151,945.00, oil companies contributions of and Nigeria Liquified Natural Gas Limited (NLNG) and Others in the sum of NN317,493,848,055.00, Ecological fund of N60 billion and other internally realized income of N200 million.

Bulus added that after due consideration, the committee recommended that the expenditure profile of the NDDC for year 2020 should include a personnel cost of N27.389 billion, Overhead expenditure of N13,937,244,107.00, internal capital expenditure of N2,793,755,893.00 and development projects at the cost of N409.080 billion.

The committee further recommended that the 2020 budget of the NDDC would elapse on 31st March, 2021.

All the recommendations of the committee were approved by the Senate after due consideration.