Reps Okay NDDC’s N346bn 2019 Budget, Pass CAMA Bill
The House of Representatives on Wednesday approved the N346.39bn budget proposed by the Niger Delta Development Commission for 2019.
The approval followed the adoption of the recommendation by the House Committee on NDDC.
The House had referred the budget proposal to the committee on November 26, 2019.
Of the total sum of N346.39bn, N22.34bn is for personnel expenditure; the sum of N13.47bn is for overhead expenditure; the sum of N4.083bn is for internal capital expenditure, while the sum of N306.5bn is for development projects for the service of the NDDC for the financial year ending on May 31, 2020.
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Other personnel costs, according to the report, include total emolument, N12.03bn; provision for Employee Compensation Act, N144.73m; National Social Insurance Trust Fund one per cent, N120.27m; and 22.5 per cent contributory pension, N2.71bn.
Others are eight per cent pension (employee), N962.17m; voluntary retirement benefit scheme, N555.53m; pension – past service liabilities, N334.7m; staff group assurance scheme, N300m; and combined workmen compensation/group personal accident, N265m.
It also included staff welfare, N720,000,000; decentralisation (transfer entitlements), N186,650,598; human resources/employee relations, N117,100,000; staff housing scheme, N244,000,000; severance benefits; N802,027,820; medical insurance; N622,800,000; recruitment services/others (sensitisation, induction, orientation, etc.), N218,886,227; 2016–2017–2018 promotion arrears, N2,011,113,773.
Chairman of the committee, Mr Olubunmi Tunji-Ojo, while addressing journalists on the budget passage recalled that the House had mandated the NDDC to present its 2019 and 2020 budgets based on a motion alleging that the commission did not seek legislative approval for its budgets.
