The Senate has referred to its Committee the Niger Delta Development Commission (NDDC) 2018 statutory budget proposal sent to the House by President Muhammadu Buhari.
TheNewsGuru (TNG) reports this followed a motion moved by Senator Ahmad Lawan that the Senate do consider the request of President Buhari for the approval of the NDDC 2018 statutory budget proposal.
President Buhari in an executive communication requested the Senate considers approval of N346 billion as the 2018 budget proposal of the NDDC.
The figure is N18 billion lower than the N364 billion budget approved for the Commission in the 2017 fiscal year.
A breakdown of the proposed amount shows a total recurrent expenditure of N32 billion and cumulative capital provision of N314 billion.
The president listed sources of revenue for the Commission in 2018 to include Federal Government contribution (N81.8 billion) and unpaid arrears by the Federal Government (N33.9 billion).
Others are contributions from oil companies and others (N220 billion) and other “realized income” (N150 million).
While Senator Biodun Olujimi seconded that the Senate do consider the request of Mr. President, Senate President Bukola Saraki referred the executive communication to the Committee on Niger Delta for further legislative investigation.
TNG reports the Niger Delta Committee has as its Chairman: Senator Peter Nwaboshi, and Senator Abdul Abubakar as its Vice Chairman.