Economy

Reps pass N453.2 billion NDDC 2020 Budget

By Kassim Omomia
The House of Representatives has passed the sum of  N453,200,000,000.00 billion for the 2020 fiscal year of the  Niger Delta Development Commission, .
The 2020 budget estimates of  the Commission was considered and passed after  the consideration of the report of the NDDC committee of the House
Following  the passage, the House directed the issue from the statutory reserve Fund of the Niger Delta development  Commission, NDDC, the total  sum of N435,200,000,000.00billion , only, of which  the sum of N27,389,000,000bn is for personnel expenditure, N13,937,244,107 only is for  overhead expenditure, while N2,793,755,893  is for  internal capital.
N409,080,000,000 billion  is earmarked for development projects for the period ending 31 march, 2021

Related Articles

Leave a Reply

Back to top button