The House of Representatives, on Thursday, passed the budget of the Niger Delta Development Commission for 2020, with estimates totalling N453.2bn.
The passage followed the consideration and adoption of the report by the House Committee on NDDC as laid by the Chairman, Olubunmi Tunji-Ojo.
The budget will terminate on March 31, 2021.
The committee recommended that the House approves issuance from the Statutory Revenue Fund of the NDDC, a total sum of N453,200,000,000.
Out of the amount, N27,389,000,000 is for personnel expenditure, n13,937,244,107 is for overhead expenditure, n2,793,755,893 is for internal capital expenditure, and N409,080,000,000 is for development projects “for the period ending March 31, 2021.”
