Senate Okays N322 Billion NDDC Budget

senate-chamber_anti_terrorism_billA budget of N322.6 billion for the Niger Delta Development Commission, NDDC, has been passed by the Senate at its plenary meeting on Tuesday.

Chairman of the Senate Committee on Niger Delta, James Manager, presented the budget to the senate.

The budget breakdown contained money for personnel expenditure, overhead expenditure, capital expenditure, and projects expenditure.

The overhead expenditure initially allocated was N10.1 billion while the expenditure allocated by the committee and approved by the Senate was N9.9 billion.

The capital expenditure which was N2.2 billion was cut down to N1.9 billion while the project expenditure which was N295.5 billion was increased to NN295.6 billion.

The personnel cost of N15 billion was unaltered.

During deliberations before the approval of the budget, the Deputy Senate Majority Leader, Abdul Ningi, suggested that the NDDC budget should have been treated like a bill because of the finances involved.