South-West Rep seeks devt commission for North-West
The member of the House of Representatives from Obokun/Oriade Federal Constituency of Osun State, Mr Oluwole Oke, has sponsored a bill seeking to establish a North-West Development Commission.
The North-West comprises Jigawa, Kaduna, Kano, Kastina, Kebbi, Sokoto and Zamfara states.
In the bill sponsored by Oke for the North-West, a copy of which our correspondent obtained on Sunday night, the lawmaker proposed that the board of the commission should have a chairman, a managing director and chief executive officer, and three executive directors, one from each member state not represented by the chairman or the MD and the representative of the North-West.
On funding of the commission, the bill read, “There shall be paid and credited to the fund established under Subsection 1 of this Section in each financial year, an allocation of 13 per cent of revenue generation from the solid minerals explored and produced within the North-West zone.
“A sum equivalent to three per cent of the annual Value Added Tax collection as first line charge, to accrue to the commission for a period of 10 years, notwithstanding the provisions of any other law and 0.005 per cent of the profit after tax of companies resident within the North-West zone of the federation.
“Such money as may be granted, lent to or deposited with the commission by the federal or state government, or any other body or institution whether local or foreign.
“Money raised for the purposes of the commission by way of gifts, loans, grants-in-aid, testamentary disposition or otherwise.
“Proceeds from all other assets that may accrue to the commission; proceeds from all other assets that may accrue to then commission; and fees charged by the commission.”
The bill also listed the functions of the proposed commission to include, “formulate policies and guidelines for the intervention in the development of the North-West zone.
“Cause the North-West zone to be surveyed in order to ascertain the pertinent need for the socio-economic development of the zone and the survey shall include requirements for the construction of the critical economic infrastructure in the zone, including roads, railways, bridges, ports, research institutions, housing estates, airports, primary, secondary and tertiary institutions, research institutes and hospitals/health care institutions.”