The Niger Delta Development Commission on Tuesday presented its 2013 budget estimate of N315.8bn to the National Assembly.
Tagged ‘Budget for sustainable development of Niger Delta region’, the acting Managing Director of the NDDC, Dr. Patricia Atako, told the Joint Committee of the National Assembly on Niger Delta that the 2013 budget estimate showed an increase of N65bn over that of 2012 which stood at N250.8 bn.
Atako explained the 2013 budget was based on the commission’s “determination to maintain prudence and stay focused in the development of the Niger Delta region despite the daunting challenges it is facing.”
She said, “The N315.8bn estimate was based on the revenue brought forward from 2012 budget of an internally generated revenue and the Federal Government contribution to the Commission for 2013.
“The budget estimate also comprised provision for Excess Crude arrears, oil and contributions from oil and gas companies, and contributions from the Ecological Funds.”
Atako said total estimated recurrent cost for 2013 was N27.2bn, comprising N15.2bn for personnel cost and N11.9bn for overhead cost.
She put the Development Projects and Programmes Expenditure for 2013 at N286.4bn representing 90.7 per cent of the total revenue of N315.8bn.
She added, “This is to provide for vital logistics necessary for monitoring and evaluating the numerous on-going projects and provision for additional furniture and other working tools required for envisaged new employees.
“The NDDC acting boss said the 2013 budget was an instrument for the promotion of economic growth, wealth creation, poverty reduction and effective and efficient service delivery of the Niger Delta.
“It is our desire to that the region should continue to experience sustainable development by providing gainful employment to our people.”
Tagged ‘Budget for sustainable development of Niger Delta region’, the acting Managing Director of the NDDC, Dr. Patricia Atako, told the Joint Committee of the National Assembly on Niger Delta that the 2013 budget estimate showed an increase of N65bn over that of 2012 which stood at N250.8 bn.
Atako explained the 2013 budget was based on the commission’s “determination to maintain prudence and stay focused in the development of the Niger Delta region despite the daunting challenges it is facing.”
She said, “The N315.8bn estimate was based on the revenue brought forward from 2012 budget of an internally generated revenue and the Federal Government contribution to the Commission for 2013.
“The budget estimate also comprised provision for Excess Crude arrears, oil and contributions from oil and gas companies, and contributions from the Ecological Funds.”
Atako said total estimated recurrent cost for 2013 was N27.2bn, comprising N15.2bn for personnel cost and N11.9bn for overhead cost.
She put the Development Projects and Programmes Expenditure for 2013 at N286.4bn representing 90.7 per cent of the total revenue of N315.8bn.
She added, “This is to provide for vital logistics necessary for monitoring and evaluating the numerous on-going projects and provision for additional furniture and other working tools required for envisaged new employees.
“The NDDC acting boss said the 2013 budget was an instrument for the promotion of economic growth, wealth creation, poverty reduction and effective and efficient service delivery of the Niger Delta.
“It is our desire to that the region should continue to experience sustainable development by providing gainful employment to our people.”
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