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NIGER DELTA DEVELOPMENT COMMISSION PROPOSES N1.75 TRILLION BUDGET FOR 2025, SENATE PLANS PROJECT ASSESSMENT
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CapitalTimesNews / 1 month
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The Niger Delta Development Commission has presented a proposed budget of one point seven five trillion Naira to the Senate for the 2025 fiscal year. This comes as the Senate Committee on NDDC disclosed plans to commence physical assessments of projects executed by the commission between 2021 and 2024. During the budget defence session, the Managing Director and Chief Executive Officer of the NDDC, Mr. Samuel Ogbuku, presented the budget. He explained that the proposed figure is nine per cent lower than the one point nine eight five trillion Naira appropriated for the 2024 fiscal year. Ogbuku stated, “The 2025 budget proposal comprises N776.5 billion as contributions from the Federal Government, N752.8 billion from oil companies, N109.4 billion as revenue brought forward from 2024, N53.67 billion as recoveries from Federal Government agencies, and N8.35 billion as internally generated revenue.” He further detailed the allocations, noting that out of the estimated total, one point six three one trillion Naira is allocated for project execution across the Niger Delta region, while two hundred and twenty-three billion Naira is set aside for internal project execution. Additionally, forty-seven point five six billion Naira is earmarked for personnel costs, and forty-nine point nine two nine billion Naira for overhead expenses. On the performance of the 2024 budget, which runs until December 31, 2025, Ogbuku informed the committee that as of October 31, 2025, the commission’s actual revenue stood at one point nine eight five trillion Naira. He noted this exceeded the target of one point nine one one trillion Naira, largely due to the extension of the 2024 budget. Following the presentation, the committee, chaired by Senator Asuquo Ekpenyong, held a closed-door session with the NDDC officials. Speaking afterward, Senator Ekpenyong said the committee resolved to embark on an extensive oversight tour of ongoing and completed NDDC projects across the nine Niger Delta states in January 2026. He said, “Critical reviews were carried out on the commission’s projects during the session. The committee was satisfied with the level of work done so far but expects more in the coming fiscal year.” The session also included a moment of reflection. In line with a motion moved by Senator Ned Nwoko and seconded by the committee’s Vice Chairman, Senator Patrick Ndubueze, the committee observed a minute’s silence in honour of the late Senator Peter Nwaoboshi, who chaired the committee during the 9th Senate and passed away penultimate week.
