Business
NDDC’s Linkage Projects Gulp N24.1 bn
The Niger Delta Development Commission (NDDC) says it has budgeted additional sum of N24,154,392,527 for regional projects, otherwise known as linkage projects.
Making the disclosure while presenting the agency’s’ yearly budget before the House Committee on NDDC, Managing Director of the regional intervention body, Pastor Power Aginighan said a total of budget of N96.617 has been set aside for completing all 2008, projects as well.
He told the House Committee that new projects amounted to only 10 per cent of the total budget and are consistent with the Niger Delta Region Development Master Plan.
Pastor Aginighan further disclosed that development projects and programmes based on the roll over of 2008 projects would cost N88.05 billion, while non-project expenditure such as personnel, recurrent and non-capital expenditures is put at N8.56 billion.He said, “the focus for this year’s budget is to adequately provide for all ongoing projects and the completion of building projects including schools and health centres, paving way for Master Plan based budgeting, using the Medium Term Sector Strategy (MTSS) and Medium Term Expenditure Framework (MTEF) budgeting tools for 2012 plan period.”
According to him, the Commission is also lending efforts to strengthening the partners for sustainable Development (PSD) forum as a platform consulting for co-ordinating and collaboration with stakeholders as a sustainable basis.
In his remarks, the Chairman, House Committee on NDDC, Hon. Nicholas Mutu assured that the committee would work with the NDDC management to ensure that the 2009 budget is fully implemented.
Out of the N97 billion, about N19.3 billion is being shared equally among the nine states namely Abia, Akwa-Ibom, Bayelsa, Cross Rivers, Delta, Edo, Imo, Ondo and Rivers.
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