L-R: Victor Antai, NDDC government director tasks; Samuel Ogbuku, managing director; Victor Ndoma-Egba, former chairman; Chiedu Ebie, present chairman; Boma Iyaye, government director finance and administration; and Ifedayo Abegunde, government director company providers
... As states’ contributions now deducted at supply
A brand new grasp plan has been accredited for the event of the oil area. The choice to undertake a brand new grasp plan was accredited by the stakeholders on the retreat of the board and administration in Lagos on the weekend.
The stakeholders additionally resolved that the NDDC should align its annual budgets throughout the years underneath assessment, thus, beginning the price range in September of yearly.
Above all, contributions of the 9 member states at the moment are being deducted from supply by the FG to the NDDC.
These are the highlights of the simply concluded retreat of the Fee in Lagos for the administration and board.
The key spotlight the adoption of what they referred to as a brand new stakeholder-generated Regional Improvement Grasp Plan to interchange the 15-year plan, which expired in 2020.
This choice was one of many resolutions in a communique issued on the finish of the NDDC 2025 board and administration strategic retreat in Ikeja, Lagos. The doc was signed by Chiedu Ebie, board chairman, and the managing director, Samuel Ogbuku.
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The retreat introduced collectively members of the board and the administration committee to evaluate the progress of the Fee so far, establish challenges and chart a brand new course for repositioning the Fee for enhanced effectivity and influence within the Niger Delta Area, in step with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
The communique acknowledged that the NDDC board and administration agreed on correct integration between the Fee and member states within the area to make sure that tasks have been conceptualized and aligned with the wants of the area’s individuals.
The retreat resolved: “The Niger Delta Improvement Advisory Committee comprising the Governors of the 9 Niger Delta States must be lively and inspired to hold out their statutory duties to the Fee in the direction of the event of the area.
“To keep up and maintain tasks undertaken by the Fee, it’s important to interact stakeholders, together with the benefiting communities, from inception by means of the implementation part to safe their help, possession and dedication past challenge commissioning.”
The communique acknowledged that NDDC “ought to be certain that its budgets align with the 12 months to which it relates. Accordingly, plans must be made to submit budgets to the Nationwide Meeting by September of the previous 12 months as prescribed by the NDDC Act (as amended).”
Contributors on the retreat agreed on the necessity to construct on the inspiration established on the 2024 retreat, emphasising collaboration, unity, and synergy between the board and administration of the Fee.
They suggested in opposition to the frequent adjustments of the NDDC Board in contravention of the Act establishing the Fee, stating that it was inimical to the event of the area. They added: “There’s want to make sure that the present Board and subsequent Boards of the Fee full their statutory tenure in workplace in order that their tasks and initiatives are applied totally with out interruption.”
Based on the communique, “There must be a robust synergy and shared imaginative and prescient between board and administration to construct a high-performing management workforce for the Fee. Every should respect set roles and bounds; the Board in its oversight operate and administration in its coverage implementation and day after day operations of the Fee.”
The Fee should embrace digital transformation in its governance, apply sustainability issues to its procedures, and guarantee clear efficiency matrixes.
The resolutions acknowledged: “The NDDC ought to accommodate the pursuits of the oil-producing firms working within the area, who contribute to its funding by citing legacy tasks within the host communities of these oil-producing firms.
Based on the communique, “The KPMG Report on the company governance construction was introduced and adopted. The Retreat advisable adopting worldwide greatest practices within the Fee’s governance construction, operations, and actions.
Contributors acknowledged and thanked Mr. President for totally implementing the NDDC Act by paying the 15% equal of the entire month-to-month statutory allocations on account of member States of the Fee from the Federation Account.
