Glamtush reports that the Niger Delta Development Commission (NDDC) has proposed a total sum of N1.911 trillion as its 2024 aggregate expenditure.
Ogbuku pegged the proposed revenue brought forward at N12 billion. The arrears owed by the Federal Government and Recoveries by Federal Government agencies stands at 170 billion naira.
In a further breakdown, legacy projects funded through borrowings is pegged at N1 trillion. According to the proposal, the Federal Government will contribute N324.8 billion, the Ecological Fund, N25 billion, while Oil Companies Contributions will contribute N375billion.
In his remarks, Chairman of the Committee, Senator Ekpenyong warned against late submission of the budget of the NDDC, noting that the commission must transmit its 2025 Budget early to meet January to December Budget Cycle.
According to him, the 2024 budget must consolidate on already existing projects.
Davido has received a luxury car from an auto firm for his 32nd birthday. …
Simon Ekpa, a Finnish-Nigerian separatist agitator and self-proclaimed Prime Minister of the Biafra Republic Government…
Accuses detractors of peddling news of alleged governorship ambition. Speaker of the Lagos State…
Simon Ekpa and four others have been arrested in Finland over terrorism activities. Glamtush…
Davido is excited to celebrate his 32nd birthday with a ₦300m donation to orphanages. …
An American returnee has been found dead in an Ogun hotel. Glamtush reports that…