The House of Representatives has received the 2024 statutory budget proposal of the Niger Delta Development Commission (NDDC), submitted by the Presidency for consideration.
The budget, transmitted via a letter from President Bola Tinubu dated May 20, 2024, was read on the floor of parliament on Tuesday.
Addressing the letter to Speaker Rt. Hon. Abbas Tajudeen, PhD, Deputy Speaker Rt. Hon. Benjamin Kalu noted the submission aligns with the 1999 Constitution of Nigeria.
The proposal, based on NDDC’s revenue and expenditure forecasts, supports the Federal Government’s fiscal and developmental policies, the Renewed Hope Agenda, and the 2024-2026 Economic Recovery Growth Plan.
The statement made available by House Spokesman/Chairman, House Committee on Media & Public Affairs, Akin Rotimi Jr, according to president Tinubu in the letter to the House, the proposal aligns with the Renewed Hope Agenda, and takes into consideration.
“The 2024 – 2026 Economic Recovery Growth Plan, as well as key assumptions of the 2024 Appropriation Act of the Federal Government.”
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He further highlighted that the NDDC through its budget proposal, is prioritising improvement in security, job creation, youth and women empowerment, social welfare, education infrastructure, and increased productivity in agriculture, in order to contribute to the economic growth of the Niger Delta region and the country’s development at large.
“While I trust that the House of Representatives will in their expeditious manner consider and approve the 2024 Statutory Budget Proposal of the NDDC, please accept Rt. Honourable Speaker, the assurances of my highest consideration and regards,” the letter read in part.
Deputy Speaker of the House of Representatives, Rt. Hon. Kalu, thereafter referred the proposal to the House Committee on NDDC for further legislative action.
