As part of measures to reduce its project-carrying capacity to a manageable size, the Niger Delta Development Commission (NDDC) at the weekend threatened to expunge N200b worth of projects from its book.
Speaking during a visit to the Governor of Bayelsa State, Chairman of NDDC Governing Board, Senator Victor Ndoma-Egba, explained that the commission had too many projects in its books.
Explaining further, he said: “In the next couple of days, the NDDC will cancel about N200 billion projects from our books.
“We need to reduce the projects we are handling to a manageable number that will make more impact.
“We are forging a new relationship with stakeholders in the region.
He added: “The new spirit of cooperation entails our not competing with the states and local governments.
“To deepen this new relationship, we have written to the President to re-activate the Advisory Committee and the Project Monitoring Committee.
“We need these two committees to be able to share our visions for the region and avoid duplication. We need the project Monitoring committee to enable us earn the trust of our partners.”
