The House of Representatives has passed a “Bill for an Act to Establish the South West Development Commission. The bill, which aims to address critical infrastructural, ecological, and developmental challenges in the Southwest region, will now be transmitted to the Senate for concurrence.
The Chairman of the Southwest Caucus of House of Representatives, Hon. James Faleke while speaking on the development, expressed his gratitude to his colleagues for their overwhelming support for the bill.
He stated, “This bill represents a collective and multi-partisan effort by all Members of the House of Representatives from the Southwest states. It underscores our shared commitment to addressing the unique challenges faced by our region and ensuring sustainable development.”
Taofeek Ajilesoro, Secretary of the Southwest Caucus, highlighted the broad support the bill received during deliberations. He commended the House for recognizing the urgent need to facilitate the reconstruction and rehabilitation of infrastructural damages and address various environmental and developmental challenges in the Southwest.
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Dr. Adewummi Oriyomi Onanuga, Deputy Chief Whip and Leader of the Southwest Caucus, added, “The establishment of the South West Development Commission is a crucial step towards equitable development. It will provide the necessary framework to tackle the infrastructural deficits and environmental challenges that have long hindered our region’s progress.”
The bill was thoroughly examined in the Committee of the Whole, where it received robust debate and consideration. All 33 clauses of the bill were voted on and approved, reflecting the commitment of the House of Representatives to address the unique needs of the Southwest region.
In another report, the President of Nigeria, Bola Tinubu, has asserted that Africa is a fertile ground for investment. As such, international development financiers should consider more strategic investments in agriculture, infrastructure, research, and development on the continent.
He made this known on Thursday when he received a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, at the Presidential Villa in Abuja.