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Thursday, June 4, 2020

NDDC Suffers 50 Per Cent Budget Cut (Read Details)

The Niger Delta Development Commission (NDDC) has suffered a 50 per cent cut in the just concluded revised budgetary exercise.

In the 2020 Federal Government Appropriation Act, a provision of N 80. 881 billion was made for the commission under Statutory Transfers.

However, in the revised budget, that budget was cut to N 44.200 billion.

The on-going accusations and counter-accusations between the NDDC Board and some members of the National Assembly financial impropriety and budget padding could have negatively affected the commission’s budget review.

Similarly, the Federal Ministry of Niger Delta which was allocated the sum of N25. 140 billion in the original budget had its provision reduced to N22. 393 billion.

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