• Contact Us
  • About Us
Monday, June 23, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

NDDC repudiates N200 billion contracts

metro by metro
November 17, 2017
in News
0
0
SHARES
0
VIEWS

NDDCEnmeshed 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.

Read Also

APC Plots To Capture Kano, May Replace Shetima With Kwankwaso As Tinubu’s Running Mate For 2027

JD Vance Says US At War With Iran’s Nuclear Program, Not Iran

Niger To Nationalise Uranium Mine Operated By France’s Orano As Relations Sour

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.

Tags: NDDC
Previous Post

SON issues 25 MANCAP certificates to 13 coys in Anambra

Next Post

Billionaire Kidnapper Evans Complains About Lack and Food And Water In Prison

Related Posts

APC Plots To Capture Kano, May Replace Shetima With Kwankwaso As Tinubu’s Running Mate For 2027
News

APC Plots To Capture Kano, May Replace Shetima With Kwankwaso As Tinubu’s Running Mate For 2027

June 22, 2025
Trump Sworn In A Second Time, Says He Was ‘Saved By God’ To Rescue America
News

JD Vance Says US At War With Iran’s Nuclear Program, Not Iran

June 22, 2025
Niger To Nationalise Uranium Mine Operated By France’s Orano As Relations Sour
News

Niger To Nationalise Uranium Mine Operated By France’s Orano As Relations Sour

June 22, 2025
Heineken Loses Operational Control Of Facilities In Congo’s War-Hit East
News

Heineken Loses Operational Control Of Facilities In Congo’s War-Hit East

June 22, 2025
Next Post

Billionaire Kidnapper Evans Complains About Lack and Food And Water In Prison

APC Plots To Capture Kano, May Replace Shetima With Kwankwaso As Tinubu’s Running Mate For 2027

APC Plots To Capture Kano, May Replace Shetima With Kwankwaso As Tinubu’s Running Mate For 2027

June 22, 2025
Trump Sworn In A Second Time, Says He Was ‘Saved By God’ To Rescue America

JD Vance Says US At War With Iran’s Nuclear Program, Not Iran

June 22, 2025
Niger To Nationalise Uranium Mine Operated By France’s Orano As Relations Sour

Niger To Nationalise Uranium Mine Operated By France’s Orano As Relations Sour

June 22, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version