Abuja - The Senate Committee on Niger Delta Development Commission (NDDC) has cautioned the commission against late submission of its budget proposal to the National Assembly.
The committee, led by Sen. James Manager, at its sitting in Abuja on Monday, told the commission to ensure that its 2013 budget was ready before the committee in January 2013.
Manager decried the tradition of bringing the commission’s budget late.
``The commission’s 2010 budget was approved in April 2011, that of 2011 began implementation in April 2012 and the 2012 budget followed similar trend having taken off in April,’’ he observed.
The committee insisted that the 2013 budget must break away from this tradition by reaching the National Assembly by January 2013.
The Managing Director of the NDDC, Christian Oboh, explained that the current management team was new and faced with challenges.
Oboh assured the committee that they were working hard to improve on the situation, adding that some progress had been made in that direction.
He said the 2012 budget was based on projected revenue of N250, 857, 925,430, saying that the commission needed more than N1.3 trillion to pay for all ongoing projects when completed.
``The focus of the 2012 budget is on funding of ongoing projects to prevent abandonment and creating jobs through diversified economy,’’ he said.