Share
The House of Representatives on Thursday approved the 2020 budget of N453.2 billion for the Niger Delta Development Commission (NDDC) for the period ending March 31, 2021.
The approval was sequel to the consideration and adoption of the report of the House Committee on NDDC by the Committee of Supply at plenary, which was presented by NDDC Chairman, Hon. Olubunmi Tunji-Ojo.
Out of the N453.200 billion, N27.389 billion is for Personnel Expenditure, N13.937 billion is for Overhead Expenditure, N2.793 billion is for Internal Capital and N409.080 billion is for Development Projects.
A further breakdown of the budget showed that the sum of N27.389 billion is for Personnel Expenditure; the sum of N13,937,244,107 is for Overhead Expenditure; while the sum of N2,793,755,893 is for Internal Capital, N409.080 billion is for Development Projects for the period ending on 31 March 2021.
By Udora Orizu
The House of Representatives yesterday approved N453,200,000,000 2020 budget for Niger Delta Development Commission (NDDC) to cover the capital, personnel expenditure and other cost of the commission for the period ending on 31 March 2021.
The approval followed the consideration of the report by the House Committee on Niger Delta Development Commission at the plenary.
Laying the report, the Chairman of the Committee on NDDC, Hon. Olubunmi Tunji-Ojo, stated that the committee carried out a holistic oversight of the commission and the report is aimed at placing the commission in the most optimal position to effectively execute its statutory mandate to Nigerians.
Vanguard News
Reps pass N453bn NDDC 2020 budget into law
On
By Levinus Nwabughiogu Abuja
The House of Representatives, on Thursday, passed into law the Niger Delta Development Commission, NDDC’s N453,200,000,000 budget for 2020.
The sum covers the capital, personnel expenditure, and other costs of the Commission for the period ending on March 31, 2021.
The passage of the budget was sequel to the consideration of the report by the House Committee on Niger Delta Development Commission at the Committee of Supply.
Laying the report before the plenary, the Chairman of the Committee on Niger Delta Development Commission (NDDC), Olubunmi Tunji-Ojo, stated that the Committee “carried out a holistic oversight of the Commission and the report is aimed at placing the Commission in the most optimal position to effectively execute its statutory mandate to Nigerians.”
Governor Mohammed presents 2021 budget of N213 9bn to Bauchi Assembly nationalaccordnewspaper.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaccordnewspaper.com Daily Mail and Mail on Sunday newspapers.