Six weeks to year end, House approves N251bn 2012 NDDC budget

Six weeks to the end of the year, the House of Representatives yesterday passed the 2012 budget of the Niger Delta Development Commission (NDDC) of N250.8 billion. This follows the adoption of the report of the committee on Niger Delta chaired by Rep Warman Ogoruba (PDP, Bayelsa) which recommended that the budget proposal as brought by the executive be approved. However, the parliament extended the life span of the budget to March 31st , 2013 to enable the agency execute the projects approved in the budget. The National Assembly also approved the same NDDC 2011 budget in December with President Goodluck Jonathan citing internal wrangling as one of the major reason for the late submission of the budget. The breakdown showed that N232 billion was allocated to developmental projects with N1 billion for earmarked for internal capital projects while personnel expenditure was allocated N10.2 billion. N7.5 billion will go for overhead expenditure with 92.5 percent of the total budget was dedicated to capital projects. The budget that was considered at the Committee of Supply was unanimously adopted despite a contentious issue of overhead expenditure that was raised by Rep. Simeon Arabo (PDP, Kaduna). Arabo questioned the huge sum allocated to overhead expenditure in spite of the provision of N7.6 billion allocated to personnel expenditure under the recurrent expenditure.

http://www.dailytrust.com.ng/index.php/news/181905-six-weeks-to-year-end-house-approves-n251bn-2012-nddc-budget?device=iphone

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