Oritsegbubemi Omatseyin
Speaking during a two-day board and management retreat, Ogbuku said the Commission was strengthening its processes and improving its corporate governance system.
Ogbuku said the NDDC was committed to actualising a thriving Niger Delta through the Renewed Hope Agenda of President Bola Ahmed Tinubu-led Federal Government.
He stressed: “We are not just building roads and bridges. We are stitching together a vibrant tapestry of development, from healthcare and education to skills development and job creation.”
Noting that one of the issues that needed to be addressed was the financial framework for effective service delivery, Ogbuku explained: “At present, we operate under the Treasury Single Account, TSA, framework.
“We recognise the importance of transparency and accountability, principles enshrined in the TSA policy. The impact of TSA on NDDC operations, like other agencies, includes improved financial management, increased oversight, budgetary discipline, and enhanced cash management. centralising revenue through TSA enhances transparency, facilitates government monitoring, enforces budgetary discipline, and streamlines cash management,” the NDDC boss stated.
He added: “However, a one-size-fits-all approach poses challenges to our diverse operational landscape. Although it is good for transparency, accountability, and efficient pooling of public resources, the TSA policy has weighty limitations for an interventionist agency like the NDDC”
Ogbuku noted that the commission was able to complete many legacy projects before the TSA regime came into effect.
“Many landmark projects were brought to life before the TSA, utilising Advance Payment Guarantees to expedite delivery and ensure timely execution. While we embrace the TSA’s transparency goals, its centralised control has undoubtedly created hurdles, particularly in maintaining project pace.
“The limited construction window further compounds these challenges. To truly deliver on the Renewed Hope Agenda, we need to remove funding impediments,” he said.
The NDDC boss advocated the removal of the Commission from operating under the TSA framework due to its unique characteristics and the potential benefits of increased autonomy in financial management.
He said further: “Such removal will enhance Regional Development Needs; as the NDDC is tasked with addressing specific and urgent development needs in the Niger Delta region. Timely and flexible financial decision-making is crucial to respond effectively to dynamic regional challenges.”
Also speaking, the former Managing Director of the NDDC, Mr. Timi Alaibe, said that sustainable development represented the pathway to the future.
He warned: “Sustainable Development in the Niger Delta environment is something that should not be compromised because of the damage to our ecosystem, environment, and sociopolitical survival and sustainability.”
In his goodwill message, the Chairman, House of Representatives Committee on NDDC, Hon. Erhiatake Ibori-Suenu’s, observed that the theme of the retreat aligned with the drive rewrites the narrative of the people of the Niger Delta region.
Hon. Ibori Suenu, who was represented by the Deputy Chairman of the Committee, Hon. Jafaru Gambo Leko, expressed confidence that the Niger Delta stakeholders could collectively achieve the goals of the people.
The House Committee Chairman commended President Tinubu for assembling capable hands to run the NDDC and charge the Board members to see their appointment as a call to service to the people of the Niger Delta and the nation at large.
