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.
Nigerian Senate Passes Finance Bill 2020
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Nigeria: Governors to Stop Tax Collection Concession As States Revenues Decline
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
COVID- 19: Reposition your Fiscal Revenue Management Systems, FG tells Governors
On Say this year has presented us with a perfect storm of difficulties to deal with
By Henry Umoru
FOLLOWING the outbreak of the Coronavirus COVID-19 pandemic and its impact on the economic and fiscal revenue outlook for 2021, the Federal Government has urged the governors of the thirty-six states of the Federation to strategise and reposition their fiscal revenue management systems for this era called the ‘new normal’.
According to the Federal Government, with the impact of COVID-19, the revenue outlook for 2021 depends on the willingness of State governments to embrace the right tools, technology, and strategies to transform, enhance as well as strengthen revenue growth and sustainability, and adopt what it termed, cost optimization plans.