NDDC releases N10bn for Niger Delta entrepreneur programme
The Niger Delta Development Commission has released the sum of N10bn to the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture to kick start its entrepreneur’s development program.
The Commission explained that the N10 billion is an initial sum of the N30 billion which it promised to invest in the chamber and reaffirmed its commitment to the growth of commerce and trade in the region.
The Managing Director/Chief Executive Officer of the NDDC, Dr Samuel Ogbuku, said this while speaking at the inauguration of the board of directors of the NDCCITMA in Port Harcourt on Friday.
Ogbuku said, “During the flag-off ceremony of the sensitisation programme, I did mention that the commission will be investing N30bn in the Enterprise Development scheme to be managed by NDCCITMA to support the entrepreneurs in our region from the NANO, Micro and Small-scale level.
“I am here to reaffirm that promise. Today, we shall make good the promise by releasing NN10bn to the NDCCITMA designated bank for immediate commencement of the entrepreneur’s development program”.
He assured the commission of’s commitment to partnering with the NDCCITMA to achieve its set goals.
“We look forward to their partnering with NDCCITMA for the growth of the economies of the states and the region at large. I would also like to appreciate all the state reps on the NDDC board for their full support. It is good that this is happening in your own time on the board of NDDC.
“NDCCITMA and the Commission will work out the operational dynamics for the program. The commission has approved 5000 businesses to kick-start this initiative, “Ogbuku stated.
He continued, “We assure you that NDDC is poised to grow the region in commerce and trade through encouraging everyone to be part of the NDCCITMA activities”.
Ogbuku further directed all contractors and vendors in the NDDC to ensure they register with the NDCCITMA by July 31, 2025.
“The commission would also like to advise all current and intending vendors in NDDC to register with NDCCITMA, as doing so will be an added advantage for consideration of possible and continued patronage by the Commission.
From today to July 31st, every NDDC contractor must be duly registered with the NDCCITMA.”
Earlier in his remark, the Board Chairman, Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture, Idaere Ogan, affirmed the Chambers’ readiness to work with the NDDC to achieve its vision of transforming the Niger Delta region.
Ogan said, “We align fully with the NDDC’s vision to transform the Niger Delta into a region that is economically prosperous, socially stable, ecologically regenerative and politically principled.
“The NDCCITMA is a tool in achieving this transformation. Our purpose is clear: to serve as a catalyst for development across all tiers of the economy, from nano and micro businesses to medium-sized enterprises and large industries.
“This platform will facilitate job creation, skills development, innovation, export growth, and productive partnerships.”
