NDDC Presents ₦1.75 Trillion 2025 “Budget of Consolidation” to National Assembly
The Managing Director and Chief Executive Officer of the Niger Delta Development Commission (NDDC), Dr. Samuel Ogbuku, has presented the Commission’s ₦1.75 trillion proposed 2025 Budget to the Joint Committees of the Senate and House of Representatives on the NDDC, PulseNets learnt.
The presentation was made before the joint legislative committees chaired by Senator Asuquo Ekpenyong and Hon. Ibori-Suenu Erhiatake, with senior management officials of the Commission in attendance. Those present alongside the NDDC boss included the Executive Director, Finance and Administration, Chief Boma Iyaye; Executive Director, Projects, Sir Victor Antai (PhD); Executive Director, Corporate Services, Hon. Ifedayo Abegunde; as well as other members of the Executive Management Committee.
Speaking during the budget defence, Dr. Ogbuku told PulseNets that the 2025 spending proposal, officially titled the “Budget of Consolidation,” represents a strategic continuation of the Commission’s reform trajectory following the 2024 Budget of Renewed Hope.
“The 2025 proposal builds firmly on the gains of the 2024 Budget of Renewed Hope and marks a clear transition from routine interventions to transformative, impact-driven development across the Niger Delta,” he stated.
PulseNets obtained that the proposed budget is deliberately aligned with the Renewed Hope Agenda of President Bola Ahmed Tinubu, GCFR, and is designed to deepen infrastructure delivery, institutional efficiency, and sustainable economic outcomes in the oil-producing region.
According to details made available to PulseNets, the ₦1.75 trillion estimate reflects a 9 per cent reduction from the ₦1.985 trillion approved for the 2024 fiscal year. The reduction, the NDDC management explained, is aimed at reinforcing fiscal discipline, operational efficiency, and value for public funds.
“This reduction underscores our commitment to prudent financial management, efficiency, and accountability, without compromising the scale and quality of development interventions in the region,” Dr. Ogbuku said.
The Commission disclosed that funding for the 2025 budget is expected to be sourced from statutory federal allocations, oil and gas company contributions, carried-forward revenues, recoveries, and internally generated revenue. Of the total budget size, ₦1.631 trillion has been earmarked for critical regional development projects, while adequate provisions have also been made for internal capital projects, personnel costs, and overhead expenditures.
PulseNets reported that the NDDC has also introduced a sectoral budgeting framework in the 2025 proposal, a move aimed at improving transparency, efficiency, and measurable development impact across key sectors.
On revenue performance, Dr. Ogbuku spoke to PulseNets on the Commission’s financial standing for the outgoing fiscal year, describing it as a strong signal of renewed institutional credibility.
“As of October 31, 2024, the Commission recorded actual revenues of ₦1.985 trillion, exceeding our projected targets. This achievement reflects growing confidence in our reforms and the strengthening of our financial management systems,” he disclosed.
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The NDDC leadership further welcomed the planned oversight tour of NDDC projects across the nine Niger Delta states, scheduled by the National Assembly for January 2026, describing it as a critical accountability mechanism.
“We remain resolute that the 2025 Budget will deliver measurable, people-centred outcomes that improve livelihoods and accelerate sustainable development across the Niger Delta,” the Managing Director assured.
The budget presentation comes amid heightened expectations for infrastructure delivery, economic inclusion, and environmental remediation in the Niger Delta, as the Commission seeks to consolidate reforms and restore public confidence in its mandate.
