The Niger Delta Development Commission (NDDC) has presented a proposed ₦1.75 trillion budget for the 2025 fiscal year to the Senate, as lawmakers move to scrutinise the execution of projects carried out by the commission over the last five years.
The budget proposal was presented on Tuesday to the Senate Committee on NDDC by the Managing Director and Chief Executive Officer of the commission, Samuel Ogbuku.
He explained that the proposed 2025 budget is about nine per cent lower than the ₦1.985 trillion approved for the 2024 fiscal year.
According to Ogbuku, the ₦1.75 trillion estimate comprises ₦776.5 billion from the Federal Government, ₦752.8 billion from oil companies, ₦109.4 billion as revenue brought forward from 2024, ₦53.67 billion recovered from federal agencies, and ₦8.35 billion generated internally.
He disclosed that ₦1.631 trillion of the proposed budget has been earmarked for project execution across the Niger Delta region, while ₦22.3 billion will go to internal projects. Personnel costs are projected at ₦47.56 billion, with ₦49.93 billion set aside for overheads.
On the 2024 budget performance, Ogbuku told the committee, chaired by Senator Asuquo Ekpenyong (Cross River South), that as of October 31, 2025, the commission recorded actual revenue of ₦1.985 trillion, surpassing the original target of ₦1.911 trillion.
He attributed the increase to the extension of the 2024 budget to December 31, 2025.
Following the presentation, the committee held a closed-door session with the NDDC management.
Speaking afterwards, Senator Ekpenyong said the committee resolved to carry out a comprehensive physical assessment of both ongoing and completed NDDC projects executed between 2021 and 2024.
“We took a critical look at the commission’s projects and resolved to conduct an extensive oversight tour across the nine Niger Delta states in January 2026,” he said, adding that while the NDDC recorded notable achievements in 2024, more was expected in the coming year.