2025 Finances: Regional Growth Commissions to Obtain N2.49trn
The Federal Authorities has allotted a complete of N2,493,138,248,477 to regional growth commissions within the proposed 2025 funds.
The Bola Tinubu-led Federal Govt Council (FEC) established the Ministry of Regional Growth in October 2024 to supervise all regional growth commissions, together with the Niger Delta Growth Fee (NDDC), North-West Growth Fee, South-West Growth Fee, and North-East Growth Fee.
This transfer resulted within the scrapping of the Ministry of Niger Delta Affairs, which was created by then-President Umaru Musa Yar’Adua on September 10, 2008.
Highlights of the Allocations
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NDDC tops the chart: The Niger Delta Growth Fee (NDDC) acquired the biggest share, N776.5 billion, reflecting the Federal Authorities’s continued give attention to addressing the environmental, social, and financial challenges of the oil-rich Niger Delta area.
North-West and South-West comply with intently: The North-West Growth Fee (N585.9 billion) and South-West Growth Fee (N498.4 billion) ranked second and third, respectively. These allocations goal to help key infrastructure tasks, safety initiatives, and financial empowerment applications.
South-East and North-East: The South-East Growth Fee acquired N341.3 billion, whereas the North-East Growth Fee was allotted N291 billion. Each areas, recovering from distinct safety and developmental challenges, will profit from focused interventions in rebuilding important infrastructure and fostering financial resilience.
SOURCE: Nairametrics