• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, July 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NDDC Unveils N1.911trn Budget For 2024

by Orjime Moses
1 year ago
in News
Managing Director of the Niger Delta Development Commission (NDDC), Dr. Samuel Ogbuku

Managing Director of the Niger Delta Development Commission (NDDC), Dr. Samuel Ogbuku

Share on WhatsAppShare on FacebookShare on XTelegram

The Niger Delta Development Commission (NDDC) has presented a N1.911 trillion proposed budget for 2024, titled the “Budget of Renewed Hope,” to the National Assembly.

Advertisement

Managing Director/CEO of NDDC, Dr. Samuel Ogbuku emphasized a strategic shift from transactional to transformational governance to bolster socio-economic stability and improve the standard of living in the Niger Delta region.

Addressing the National Assembly, Ogbuku expressed profound appreciation to President Ahmed Bola Tinubu and the Supervising Minister of Niger Delta Development, Engr. Abubakar Momoh, for their unwavering support.

The presentation highlighted several critical initiatives designed to address the region’s unique challenges and foster sustainable development.

“In preparing the 2024 Budget, our primary objective has been to sustain our robust foundation for sustainable economic development.

RELATED

NDLEA Nabs Chinese Businessman With Illegal Drug At Lagos Airport

NDLEA Nabs Chinese Businessman With Illegal Drug At Lagos Airport

23 minutes ago
Shettima To Represent Nigeria At 2nd UN Food Systems Summit In Addis Ababa

Shettima To Represent Nigeria At 2nd UN Food Systems Summit In Addis Ababa

50 minutes ago

A critical focus of this budget is our commitment to a greener future. An aggregate expenditure of N1.911 trillion is proposed for the Niger Delta Development Commission in 2024,” said Ogbuku.

The key highlights of the budget include: Revenue Brought Forward: N12 billion, Arrears and Recoveries by FG Agencies: N170 billion, Borrowings: N1 trillion, Federal Government Contribution: N324.8 billion, Ecological Fund: N25 billion, Oil Companies Contributions: N375 billion, Internally Realized Income: N5 billion.

The breakdown of the proposed expenditures is as follows: Personnel, N38,545,349,193, Overhead: N29,246,506,753, Internal Capital: N8,785,574,131, Legacy Projects funded through Borrowing: N1 trillion, Projects (Development): N835,222,569,924

For the key initiatives, Dr Ogbuku emphasized investing in critical infrastructure as a key component of the fiscal strategy under the 2024 Budget Proposals. The NDDC plans to adopt a Public-Private-Partnership model to drive sustainable development in the Niger Delta region.

“We are in partnership with the Industrial Training Fund to engage the youth of the region to reduce crime and economic sabotage, and also with the Niger Delta Chamber of Commerce, Trade, Mines, and Agriculture (NDCCTIMA). Several organizations and state governments have approached the Commission for partnerships, and we are currently engaging them to fine-tune the process,” he added.

Highlighting the performance of the 2023 budget, titled “Budget of Rewind to Rebirth,” he said, “Projected a revenue of N876 billion. By April 30, 2024, the Commission’s actual aggregate revenue inflow was N683.2 billion, approximately 78 percent of the targeted amount. This included N146.4 billion from the Federal Government and N394.5 billion from Oil & Gas Companies, with a carry forward of N105 billion from 2023.”

Dr. Ogbuku reiterated the NDDC’s commitment to collaboration with the National Assembly for timely and effective budget implementation.

He expressed confidence that the proposed budget would establish a robust foundation for sustainable economic development in the Niger Delta, reflecting a participatory process involving stakeholders, with significant funding sourced through public-private partnerships and borrowings aimed at legacy projects.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Niger Delta Development Commission (NDDC)Ogbuku
SendShareTweetShare
Previous Post

Governor AbdulRazaq And Triumph Over Social Media Urchins

Next Post

FG Forms Committee to Harmonise Sectoral Policies

Orjime Moses

Orjime Moses

You May Like

NDLEA Nabs Chinese Businessman With Illegal Drug At Lagos Airport
News

NDLEA Nabs Chinese Businessman With Illegal Drug At Lagos Airport

2025/07/27
Shettima To Represent Nigeria At 2nd UN Food Systems Summit In Addis Ababa
Business

Shettima To Represent Nigeria At 2nd UN Food Systems Summit In Addis Ababa

2025/07/27
Ex-FUK VC Prof Gani Passes Away, Gombe Gov Mourns
News

Ex-FUK VC Prof Gani Passes Away, Gombe Gov Mourns

2025/07/27
PICTORIAL: 2 Confirmed Dead As Flood Ravages Adamawa Community
News

PICTORIAL: 2 Confirmed Dead As Flood Ravages Adamawa Community

2025/07/27
Gov Eno Tasks Elected LG Chairmen On Shared Responsibilities, Unity, Development 
News

Gov Eno Lauds Federal Govt’s N2.1bn Cash Transfer To 28,000 Vulnerable Citizens

2025/07/27
Amb Mahlangu To Address Food Systems Summit In Ethiopia
News

Amb Mahlangu To Address Food Systems Summit In Ethiopia

2025/07/27
Leadership Conference advertisement

LATEST

FIFA Opens Major Africa Office In Rabat

NDLEA Nabs Chinese Businessman With Illegal Drug At Lagos Airport

Shettima To Represent Nigeria At 2nd UN Food Systems Summit In Addis Ababa

Ex-FUK VC Prof Gani Passes Away, Gombe Gov Mourns

PICTORIAL: 2 Confirmed Dead As Flood Ravages Adamawa Community

Ex-Yobe Reps Candidate, Woman Leader Resign From PDP

Gov Eno Lauds Federal Govt’s N2.1bn Cash Transfer To 28,000 Vulnerable Citizens

Tinubu To Falcons: ‘Safe Journey Home, Bring The Trophy To Abuja

WAFCON 2024: Enabulele Hails Super Falcons For Historic 10th Title Win

Amb Mahlangu To Address Food Systems Summit In Ethiopia

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.