Evaluation of Revenues Deducted for Project Fund Disbursement for Sustainability of Niger Delta Development Commission Projects in Nigeria
- September 30, 2019
- Posted by: RSIS
- Categories: IJRSI, Social Science
International Journal of Research and Scientific Innovation (IJRSI) | Volume VI, Issue IX, September 2019 | ISSN 2321–2705
Enyinna Gregory. C
Department of Project Management, Federal University of Technology Owerri, Imo State, Nigeria
Abstract: – This research was carried out to evaluate the revenues deducted for project fund disbursement for sustainability of Niger delta development commission projects in Nigeria, using secondary data that was acquired from NDDC for analysis and evaluation with the help of excel spread sheet. Oracle crystal ball was integrated to excel spread sheet which helped us in doing simulations for display of mean standard deviation frequency distribution and probabilistic outcome. Process/implementation evaluation was also used to determine whether the funds allocated to the NDDC for project development program activities have been implemented as intended and whether it resulted to certain output or not. The existing revenue disbursement model for oil revenue distribution was remodeled for rechanneling the 13% oil derivation to the ministry of Niger Delta and subsequently to NDDC and the oil producing areas for proper utilization and project development in the area. This is contrary to the previous revenue disbursement model for oil revenue distribution that allocated the 13% oil derivation directly to the oil producing states. The total revenues received by NDDC from federal government, oil companies and other income sources from 2007 to 2011 were also transformed to graphical representations of variations of funds received and percentage distribution of such funds during the periods under review.The difference between the total revenue received by NDDC and the total capital expenditure in 2007 was recorded as 99,451,815,800 while the difference between the total revenue received by NDDC and the total capital expenditure in 2008 was 174,625,536,000. In 2009 it was 183,922,881,810. Then in 2010 the difference was 32,771,525,920.but the difference between the total revenue and the total capital expenditure in 2011 was 34,516,180,627 which helped in this research to produce simulations that displayed mean, standard deviation, frequency and probabilistic rating for total capital expenditure, total revenue and the difference. The contracts awarded by NDDC in the Nine Niger Delta states were evaluated to x-ray the percentage rate of fund utilization for project development between 2007-2011 while the individual projects executed by the NDDC regional headquarters were also evaluated and the percentage rate of completion also recorded. The percentage differences in funds utilization for developmental project completions shows that proper evaluation would help the NDDC to identify areas of concentration during award of contracts and to be able to identify contractors lapses so as to have the capacity to hold the contractors liable for underutilization of project funds and incompletion of project works awarded to them.
Key Words: Evaluation, Projects. Revenues, Niger Delta, funds Distribution, Sustainability.
