The Nation Newspaper NDDC defends N1.911trn 2024 budget in Senate
), on Monday, June 10, defended the sum of N1.911 trillion being its 2024 Budget before the Senate Committee on the NDDC.
Ogbuku said: “The proposed budget seeks to move the Commission from transaction to transformation and was a product of a participatory budgeting process that involved all the major stakeholders in the Niger Delta region with the theme: Budget of Renewed Hope Agenda. Ogbuku said the agency proposes to borrow N1trillion in addition to N324billion projected Federal Government’s contribution and N25billion from the Ecological Fund.
He said: “As of April 30th 2024, the Commission’s actual aggregate revenue inflow was N683.2billion approximately 78 per cent of the targeted N876billion. “Towards this end, we are re-navigating Its process of intervention by adopting the Public-Private-Partnership model as a vehicle to drive sustainable development in the Niger Delta Region.“Accordingly, to this end, we are in partnership with the Industrial Training Fund to gainfully engage the youth of the region to reduce crime and economic sabotage.
“It is our expectation that by the end of the 2024 fiscal year, we would have completed more than 200 kilometres of roads across the Niger Delta Region, as we understand that our people have different expectations on the Budget of NDDC and they believe the Commission will respond to all their demands.
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