FG owes NDDC N1.8trillion arrears

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The federal government may be indebted to the Niger Delta Development Commission (NDDC) to the tune of over N1.8trillion, The Nation has learnt.

It was gathered that the monies are backlogs of allocations due to the agency by the federal government.

Confirming this development, a group under the aegis of Network Advancement Programme for Poverty and Disaster Risk Reduction (NAPPDRR) its President, Alhaji Al Mustapher Emem Edoho and the Board of Trustees (BoT) member, Comrade Jubril Edukere lamented that contractors have abandoned several projects due to paucity of funds.

Speaking at a media parley in Uyo, the Akwa Ibom State capital, Edoho called on the government to approve more funds to enable the agency complete all abandoned projects in the region, nothing that if government releases the backlog of N1.8trillion owed the agency, they can carry out the necessary infrastructural development required.

“The face of Niger Delta will change for the better if arrears of over N1.8trillion allocation are released for the Commission,” Edoho stressed.

Meanwhile the NAPPDRR boss has expressed concerned over the unhealthy relationship between Governor Udom Emmanuel of Akwa Ibom State and the leadership NDDC, saying it does not bode well for the economy of the state.

Governor Emmanuel had recently at a security stakeholders’ summit organised by the Inspector General of Police (IGP), Ibrahim Idriss, declared that the agency must get the permission of governors before embarking on any project, or quit the entire nine Niger Delta states.

“The NDDC has no land, all the lands belong to governors, so the NDDC must get the permission of governors before embarking on any project or quit the region,”, Emmanuel had warned before the Minister of Niger Delta Affairs, Usani Usani, and the Managing Director of NDDC, Obong Nsima Ekere.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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