NDDC Acting Managing Director

The Federal Government and international oil companies in Nigeria are jointly owing to the Niger Delta Development Commission(NDDC), a whopping N2.7trillion.

This disclosure was made by the Nigerian House of Representatives Committee on Niger Delta on Wednesday in Abuja. The committee further revealed that the NDDC was still operating on the 2018 budget approved by the National Assembly, in contravention of the Act that set it up.

The Chairman of the House Committee on NDDC, Hon Olubunmi Tunji-Ojo made the revelations at the inaugural sitting of the Committee in Abuja. According to him, “as we speak, the Commission is yet to submit its 2019 budget appropriation to the National Assembly for approval in line with the Act that sets it up not to talk of 2020 one.

“Section 18(1) of the NDDC states: “The Board shall not later than 30th September submit to the National Assembly through President and Commander -in- Chief of the Armed Forces an estimate of the expenditure and income of the Commission during the succeeding year for approval “

Today is October 9th, the Commission is yet to bring the budget for the 2019 fiscal year not to talk of 2020 of which the Mr. President submitted before the Assembly on Tuesday, what has Commission been operating with? He queried.

“You don’t budget on the scenario, your budget should be for the future, so we need the budget appropriation so that we can work on it for the final approval of the National Assembly.

 

“I want to say it here loud and clear that in the Ninth National Assembly under the leadership of Hon. Femi Gbajabiamila and myself as the Chairman of the NDDC Committee, it is not going to be business as usual, we have to operate in line with the Act that sets up the Commission, so, we need the budget now.

” Speaking on the huge financial burden threatening the fulfillment of the Commission’s core mandate to the region, Hon Tunji-Ojo lamented the none remittance of their statutory contributions by the development partners.

According to him, “as the June 2019, outstanding remittances of Oil companies and Gas processing companies stand at N1.2 trillion, the Federal Government on its part has an outstanding of over N1.5 trillion, Ecological Fund Office has never remitted any money and the Commission has accumulated debts to the tune of over a trillion naira.

Speaking on the way forward, the Chairman promised that inline with the Legislative Agenda of the Ninth National Assembly and the anti-corruption stance of the Federal government, the Committee would seek to improve its budgetary and oversight processes in order to curb corruption and waste, ensure fiscal discipline and promote good governance in line with the law of the land.

He urged members of the Committee to brace up for the task ahead in ensuring that the Commission deliver on its core mandate for the people of the Region In their contributions members pledged their readiness to deliver the goods and made the Committee the best since the inception of the Commission.