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NDDC cancels 647 projects valued at N190bn

NDDC Cancels 647 Projects Valued At N190bn

The Executive Director in charge of Projects at the Niger Delta Development Commission (NDDC), Mr. Ajenakevwe Samuel Adjogbe has said that the commission has cancelled 647 projects valued at N190 billion as a result of their zero performance, THISDAY reports.

Adjogbe also said in an exclusive interview that the cost of road construction in the part of the Niger Delta region that constitutes the Agbada formation could be double the amount used in road construction in the part of Niger Delta that constitutes the Benin formation due to the difficult terrain.

He stated that on assumption of office about a year ago, the new board and management of NDDC had set up a committee he chaired, which recommended that 647 projects be cancelled to remove expected liability of N190 billion from the commission’s balance sheet and that the board approved the recommendation and has cancelled them.

The post NDDC cancels 647 projects valued at N190bn appeared first on Energy News | Oil and Gas News.



This post first appeared on Energy Mix Report, please read the originial post: here

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NDDC cancels 647 projects valued at N190bn

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