{"id":88164,"date":"2023-05-16T18:51:24","date_gmt":"2023-05-16T17:51:24","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m"},"modified":"2023-05-16T20:10:35","modified_gmt":"2023-05-16T19:10:35","slug":"senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m","title":{"rendered":"Senate passes N876bn NDDC 2023 budget, as 12 board members\u2019 aides get N451m"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The N876 billion 2023 budget for the Niger Delta Development Commission, NDDC, has been passed by the Nigerian Senate on Tuesday after a thorough debate that tends to bring out the impact of the commission on the people of Niger Delta region in past years.<\/p>\n

Out of the humongous amount passed, aides to 12 board members of the commission are to get the sum of N451 million as their entitlement for the year, while N576 million was earmarked for running of office of the chairman of the commission, Lauretta Onochie.<\/p>\n

The breakdown for the office of the chairman showed that the personnel cost will gulp the sum of N156 million, overhead -N312 million and Internal capital \u2013 N108 million.<\/p>\n

For the Managing Director\u2019s office, N546.597 million was earmarked for personnel cost, N747.500 million for overhead cost, N163.504million for Internal Capital.<\/p>\n

Others are Executive Director Finance and Administration Office, personnel cost N133.337million, Overhead cost N457.465 million and N163.504 million for Internal capital.<\/p>\n

The Corporate Affairs Department of the Commission, also got N1.061 billion from the votes, out of which N431.076 million is for personnel cost, N845.566 million for overhead and N63.081 million for Internal Audit.<\/p>\n

In the overall budget of the commission, personnel expenditure gulp N34.2 billion, overhead expenditure will gulp N17 billion, internal Capital expenditure will gulp N3.7 billion, Development projects will gulp N490 billion and Federal government intervention in the Niger Delta \u2013 N330 billion.<\/p>\n

The revenue sources to finance the budget are Revenue brought forward \u2013 N5 billion, Federal government contribution \u2013 N119 billion, Federal government contribution (unpaid areas ) \u2013 N430 Billion , Oil companies contributions \u2013 N297 billion, Ecological funds \u2013 N20 billion and other Internally Realized income \u2013 N500 million.<\/p>\n

Report for consideration and approval for the budget, was presented by Senator Bulus Amos in his capacity as Vice Chairman, Senate Committee on Niger Delta Affairs.<\/p>\n

In his remarks after passage of the budget, President of the Senate Ahmed Lawan said the exercise was very expedient in order not to let the people of the region suffer from further delays.<\/p>\n

Sixteen out of the 37-member committee signed the report, considered and approved by the Senate.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The N876 billion 2023 budget for the Niger Delta Development Commission, NDDC, has been passed by the Nigerian Senate on Tuesday after a thorough debate that tends to bring out the impact of the commission on the people of Niger Delta region in past years. Out of the humongous amount passed, aides […]<\/p>\n","protected":false},"author":84,"featured_media":88162,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,818,254,53],"class_list":["post-88164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-nddc","tag-nigeria","tag-senate"],"yoast_head":"\nSenate passes N876bn NDDC 2023 budget, as 12 board members\u2019 aides get N451m - Nigeria<\/title>\n<meta name=\"description\" content=\"The N876 billion 2023 budget for the Niger Delta Development Commission, NDDC, has been passed by the Nigerian Senate on ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senate passes N876bn NDDC 2023 budget, as 12 board members\u2019 aides get N451m\" \/>\n<meta property=\"og:description\" content=\"The N876 billion 2023 budget for the Niger Delta Development Commission, NDDC, has been passed by the Nigerian Senate on ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-16T17:51:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-16T19:10:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/05\/postQueueImg_1684250495.70.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Senate passes N876bn NDDC 2023 budget, as 12 board members\u2019 aides get N451m\",\"datePublished\":\"2023-05-16T17:51:24+00:00\",\"dateModified\":\"2023-05-16T19:10:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m\"},\"wordCount\":376,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/05\/postQueueImg_1684250495.70.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"NDDC\",\"Nigeria\",\"senate\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/senate-passes-n876bn-nddc-2023-budget-as-12-board-members-aides-get-n451m\",\"name\":\"Senate passes N876bn NDDC 2023 budget, as 12 board members\u2019 aides get N451m - 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