President Bola Tinubu has sent a letter to the Senate, in which he presented the Niger Delta Development Commission, NDDC, 2024 Statutory Budget proposal for consideration and subsequent approval.
In the letter, Tinubu noted that the budget proposal has been prepared on the basis of the NDDC’s revenue and expenditure forecasts and is aligned with the fiscal and developmental policies of the Federal Government and the Renewed Hope Agenda.
The presidnet also said that the budget proposal takes into consideration the 2024-2026 Economic Recovery Growth Plan as well as key assumptions of the 2024 Appropriation Act of the Federal Government.
The letter read, ”in line with the provisions of Section 121 of the Constitution of the Federal Republic of Nigeria, I forward herewith the 2024 Statutory Budget Proposal of the NDDC for consideration and passage by the Senate.
“The Budget Proposal has been prepared on the basis of the NDDC’s revenue and expenditure forecasts and is aligned with the fiscal and developmental policies of the Federal Government and the Renewed Hope Agenda. In addition, the Budget Proposal takes into consideration the 2024-2026 Economic Recovery Growth Plan as well as key assumptions of the 2024 Appropriation Act of the Federal Government.
“The NDDC is prioritizing improvement in security, job creation, youth and women empowerment, social welfare, education infrastructure and increased productivity in agriculture in order to contribute to the economic growth of Niger Delta region and the development of the nation at large.
” While I trust that the Senate will in their usual expeditious manner consider and approve the 2024 Statutory Budget. Proposal of the NDDC, please accept, Distinguished Senate President, the assurances of my highest consideration and regards.”
