Fidelity bank banner Bayelsa State banner
NDDC cancels N200 billion contracts

By News Express on 17/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,030


Enmeshed in a soaring debt profile, the Niger Delta Development Commission (NDDC), has repudiated contracts worth N200 billion in an on-going reform being carried out by its new management.

The organisation has also embarked on streamlining, restructuring and verifying the huge debt as well as the more than 10,000 contracts it inherited from the previous administration.

The commission which was established in 2000 to facilitate the rapid development of the oil rich region, presently has a ratio of one staff to 50 projects.

“The debt profile, is very high; whether real or not is another issue,” Mr. Victor Ndoma-Egba, the Chairman of the NDDC, told the News Agency of Nigeria (NAN) on Friday in Abuja.

The commission vested with to ensure the region was economically prosperous, socially stable, ecologically regenerative and politically peaceful, he said was currently undergoing restructuring in order to focus on its core mandate.

Noting that the image of NDDC had dipped, he said, he had embarked on fine tuning and restructuring of its governance to take the commission back to focus on its core mandate.

“The image of NDDC was very poor. It is not good image. We can only change it through restructuring our governance,” he said.

NDDC should not be seen as competing with states and local governments.

“We need to create synergy with other agencies that share responsibilities for Niger Delta.

“We are now committed to doing things right,” he explained.

The former senator also explained that the commission was funded from the proceeds of oil and that it could be dangerous if the oil gets out of favour.

“We must contemplate developing Niger Delta beyond oil,” he advised.

Earlier the Managing Director of the News Agency of Nigeria (NAN), Mr. Bayo Onanuga, who paid a courtesy visit to the chairman, said that the Agency and NDDC have had a long standing relationship, including a deal struck in 2016 on NAN services.

He explained that NAN which would be 40 by October 2018 has undergone reforms in order to be at par with other world news agencies.

Onanuga said NAN had fully gone digital and embraced multimedia and with other services, including the establishment of free-to-read website, PRwire portal and a NANtv aside the regular subscriber based portal.

He explained that NAN has resolved to re-establish its Niger Delta Bureau with headquarters in Asaba to concentrate on robust press coverage and dissemination of information about the area that would fact track development.

“We want to showcase the area to the world to speedy development.”

Onanuga explained that an area that was supposed to swim in affluence was afflicted with poverty. (NAN)

Source News Express

Posted 17/11/2017 9:43:08 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Kaduna generates N16bn as IGR in 8 months...

Onukaba: A good man departs suddenly, by Taiwo...

MRA names NAFDAC into ‘FOI Hall of Shame’,...

Obiano offers automatic employment to pioneer doctors from...

Terrorist driver kills 8 in New York

True Confession: No free and fair elections in...

Lagos handles 4,035 rape, child abuse cases in...

EFCC docks FUTA VC, Bursar for N156m fraud...

Popular broadcaster shot dead

Intervention, new online newspaper, debuts

Anambra lawyers turn against IPOB, blame Nnamdi Kanu...

Expect misty morning, hazy afternoon/evening —NiMET

 

Latest News States owe N41bn in federal taxes Joint NASS panel fails to reach agreement on INEC budget 2019: Nigeria needs a job creator as President — Atiku Accused disappears without trace after arraignment in Lagos Senators to sponsor motion demanding judicial probe of NASS invasion Two kids found dead in soakaway pit in Kwara Abia medical doctors protest kidnap of colleague Court adjourns contempt case against INEC Chairman indefinitely EFCC, INTERPOL parley to fight human trafficking, migrant smuggling Eko DISCO moves to eradicate “crazy bills” Okowa gives December deadline for development of industrial parks U.S. Embassy may resume Abuja consular services after Eid-el-Kabir holidays

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (377,623 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (366,581 views) Shameless Genevieve Nnaji exposes breasts in public (296,293 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (241,855 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (222,625 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,102 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (192,564 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (174,728 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,624 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,310 views) Lagos plane crash: Journalist releases victims’ names (152,721 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,029 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,458) Business Verdict (48) Columnists (910) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (528) Features (634) Global Business Monitor (294) International (2,274) Interview (161) Live Commentary (28) Love Matters (134) News (38,068) Opinion (1,059) Pidgin (11) Politics (6,062) Religion (816) Sports (1,647) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Real Madrid vs Atletico Madrid 2-4 Highlights and Goals

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement