Senate approves N1.7trn 2025 Statutory Budget for NDDC

By Henry Umoru

ABUJA — The Senate on Wednesday approved the 2025 statutory budget of the Niger Delta Development Commission (NDDC) totalling N1,750,923,400,137.15.

The approved budget includes N47.57 billion for personnel expenditure, N49.93 billion for overhead costs, N22.36 billion for internal capital expenditure, and N1.63 trillion allocated for development projects.

The approval followed the presentation and consideration of the report of the Senate Committee on NDDC by its Chairman, Senator Asuquo Ekpenyong (APC, Cross River South).

Presenting the report, Ekpenyong said the committee reviewed the commission’s revenue projections and expenditure framework before recommending approval.

According to him, the revenue profile for the commission includes N107.48 billion brought forward, N626.53 billion as statutory contribution from the Federal Government, and N53.68 billion representing unpaid arrears and recoveries by government agencies.

Other projected revenues include N902.87 billion from oil companies and the Nigeria Liquefied Natural Gas (NLNG) Limited and other sources, N8.36 billion from ecological funds, as well as internally generated income.

The committee noted that the development component of the budget focuses on key sectors such as education, healthcare, youth empowerment, energy and power supply, industrial and enterprise development, security, sports, infrastructure, agriculture and fisheries.

Ekpenyong added that the committee observed a significant rollover of projects from the 2024 budget, which he said was intended to ensure the completion of ongoing projects aimed at promoting sustainable development and improving livelihoods in the Niger Delta region.

He also explained that although the commission initially proposed N776.53 billion as federal government contribution, the committee adopted N626.53 billion, in line with the figure approved in the 2025 Appropriation Act.

The Senate Committee further noted that the difference between the commission’s proposed federal contribution and the approved figure was adjusted within the revenue projections from oil companies and related sources.

Following deliberations, the Senate adopted the committee’s recommendations and approved the total statutory budget of N1.75 trillion for the commission for the 2025 fiscal year.

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