NDDC Proposes N1.75trn Budget for 2025, Exceeds 2024 Revenue Target by 104%

 

 

The Niger Delta Development Commission (NDDC) has proposed a N1.75 trillion budget for 2025, themed “Budget of Consolidation,” signaling a shift from transactional to transformational development in the region.

Managing Director/CEO Dr. Samuel Ogbugu presented the estimates to the House of Representatives Committee on NDDC during its budget on Tuesday in Abuja, highlighting a 9% reduction from the 2024 “Budget of Renewed Hope” due to a no-borrowing policy.

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The proposal allocates N47.5 billion for personnel, N96.4 billion for overheads, and the balance of N1.606 trillion for capital expenditure focused on infrastructure via public-private partnerships (PPPs).

Dr. Ogbugu reported strong 2024 performance, with actual revenue of N1.945 trillion as of October 31—surpassing the N1.911 trillion projection by 104%. This followed a budget extension to December 31, 2025. Overhead costs for 2024 stood at N76.77 billion, with capital at N1.820 trillion.

“We are strengthening foundations for sustainable economic growth, moving from line-item budgeting to sectoral allocations to boost contractor confidence and project delivery,” Dr. Ogbugu told the committee, chaired by Senator [Name if available].

He praised President Bola Ahmed Tinubu and Supervising Minister Engr. Abubakar Momoh for enabling youth training, entrepreneurship support, and infrastructure gains.

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The MD emphasized participatory budgeting, crediting the 10th National Assembly’s collaboration for regional progress.

Fiscal reforms will tie overheads to measurable programs, abandoning outdated line-item systems. Dr. Ogbugu assured deeper ties with lawmakers to deliver inclusive growth.

The committee received the full proposal amid ongoing scrutiny of NDDC’s role in Niger Delta development.