2025 Budget: Regional Development Commissions to Receive N2.49trn

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2025 Budget: Regional Development Commissions to Receive N2.49trn

The Federal Government has allocated a total of N2,493,138,248,477 to regional development commissions in the proposed 2025 budget.

The Bola Tinubu-led Federal Executive Council (FEC) established the Ministry of Regional Development in October 2024 to oversee all regional development commissions, including the Niger Delta Development Commission (NDDC), North-West Development Commission, South-West Development Commission, and North-East Development Commission.

This move resulted in 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 Development Commission (NDDC) received the largest share, N776.5 billion, reflecting the Federal Government’s continued focus on addressing the environmental, social, and economic challenges of the oil-rich Niger Delta region.

North-West and South-West follow closely: The North-West Development Commission (N585.9 billion) and South-West Development Commission (N498.4 billion) ranked second and third, respectively. These allocations aim to support key infrastructure projects, security initiatives, and economic empowerment programs.

South-East and North-East: The South-East Development Commission received N341.3 billion, while the North-East Development Commission was allocated N291 billion. Both regions, recovering from distinct security and developmental challenges, will benefit from targeted interventions in rebuilding critical infrastructure and fostering economic resilience.

SOURCE: Nairametrics