Stats: 174,692 members, 230,296 posts. Date: August 17, 2018, 4:56 am

Why we cancelled N200bn projects in Niger-Delta – NDDC

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The Niger Delta Development Commission (NDDC) has explained why it cancelled projects worth N200 billion in the nine Niger Delta states.

The Commissioner representing Delta State on the NDDC board, Dr. Ogaga Ifowodo blamed it on the “huge challenges” the current board inherited.

He said this yesterday at Enhwe in Isoko South Council, while monitoring rehabilitation of schools and roads in the area.

According to him, the cancelled projects were enormous when compared with available funds to the NDDC. He added that more will be cancelled.

His words: “The NDDC has cancelled projects worth over N200 billion in the Niger Delta. The trouble is that the board inherited huge challenges that require enormous focus and strength to tackle.

“The NDDC has over 10,000 projects across the Niger Delta, which is unmanageable by any standard and that means our contingent exposure of up to N1.8 trillion.

“How do you manage that and what size of bureaucracy do you use to manage all of that? The N200 billion worth of projects are at zero per cent completion, because nothing had been done on them.

“The next ones we will cancel are those at five and ten per cent until we get to a level where we can’t cancel anymore projects. The whole idea is to get rid of as many projects that are difficult to complete and it is an ongoing exercise.”

Source:

http://dailypost.ng/2018/08/10/cancelled-n200bn-projects-niger-delta-nddc/

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