NDDC 2016 Budget Will Focus on Wealth Creation, Skill Acquisition –Semenitari

Posted by African Examiner Featured, Latest Headlines, News Friday, April 8th, 2016

By Ayo Balogun, Abuja

BALTIMORE, MD (AFRICAN EXAMINER) – The Acting Managing Director of the Niger Delta Development Commission (NDDC), Mrs Ibim Semenitari has said that the 2016 budget of the commission, when passed into law by the National Assembly, will focus on wealth creation and skill acquisition for the people of Niger Delta.

The NDDC boss said this on Friday in Abuja while appearing as a special guest on an interview program segment of the News Agency of Nigeria (NAN).

According to her, to achieve some of the set goals, a US based Ford Foundation is set to partner with the commission with their expertise and funds for the planned wealth creation and skill acquisition training programs even as she added that the commission is poised to collaborate with similar agencies that will help with the development of the region.

Still on the 2016 budgets, Semenitari disclosed that 80 percent of funds to be appropriated for the capital budget will be for the completion of ongoing projects, while 20 percent of the funds will be expended on new projects.

“The commission takes inputs from mandate states, legislators, community leaders, civil society groups in order to identify projects that are needed in their areas so as to avoid project duplications.” She added.

She commended the National Assembly on their meeting with stakeholders including multinational oil corporations operating in the region expressing confidence that the oil companies will pay the money they’re owing the commission as promised during the legislative hearings.

Paucity of funds notwithstanding, the NDDC boss said the commission has commenced payments to contractors in batches adding that high impact projects are also identified, completed and paid off.