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Senate Finally Approves South West Development Commission
By Kayode Sanni-Arewa
The Nigerian Senate has passed for third reading , South West Development Commission Establishment Bill 2024 .
Passage of the bill for third reading by the Senate during plenary, was sequel to a report submitted to that effect by the Chairman , Senate committee on Special Duties , Senator Kaka Shehu Lawan .
Senator Kaka in his presentation of the report for establishment of South West Development Commission , said the intents and purposes of the bill , are well structured for socio – economic development of South West .
” If the Commission is established through presidential assent to the bill, it will like other development – driven commissions established on zonal basis , receives funds from the federation account, donations from development partners etc , to address infrastructural deficits and tackle ecological problems in the region “, he said .
The Senate accordingly moved into committee of the whole for clause by clause consideration of the bill after which it was read for the third time.
In his remarks after the passage of the bill , the Deputy President of the Senate , Senator Barau Jibrin who presided over the session , commended Senator Kaka led committee for a job well done .
According to him, the South West Development Commission like other ones , recently established , wiill address the infrastructiral and ecological challenges in the South West .
The essence of the various development commissions being set up , is to fast track development of the entire country .
” President Bola Tinubu has assented to similar bills passed for zonal development – driven interventions and will surely assent to this one “, he said .
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Reps Quiz Federal Polytechnics Damaturu, Mubi, Monguno Over Infractions
By Gloria Ikibah
News
Obasanjo narrates how he escaped becoming drug addict
Former President Olusegun Obasanjo has revealed how he almost became a drug addict.
He spoke in Abeokuta over the weekend at the second edition of ‘Fly Above The High’ anti-drug campaign conference organised by the Recovery Advocacy Network.
Obasanjo stated that smoking during his youthful age led to chronic coughing and almost became an addiction.
The former President, while lamenting the increase in drug abuse among Nigerians and other West Africans, urged Nigerian students and young people to refrain from abusing psychoactive drugs, saying that they ruin life rather than enhance it.
“If I had persisted, I could have become addicted. Once you get involved, it is difficult to get out.
“There’s nothing drug can do for you except destruction.
“We found out that West Africa has equally been a centre for drug consumption in a very bad way. That was more than 10 years ago, so the situation has since gone worse. And whatever applies to West Africa applies to all other parts of Africa,” Obasanjo said.
He cautioned against stigmatization and urged individuals who are already addicted to psychoactive drugs to get help.
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We saved $20bn after Petrol Subsidy Removal and FX Rate Reforms, Says Finance Minister
Wale Edun, minister of finance and coordinating minister of the economy, says Nigeria has saved $20 billion from petrol subsidy removal and market-based pricing of the foreign exchange rate.
Edun spoke at a ceremony recently held to mark the first 100 days in office of Esther Walso-Jack, head of civil service of the federation, in Abuja.
“An amount of five per cent of GDP is what those two subsidies were costing when there was a subsidy on PMS; when there was petroleum product generally for a long time and when there was a subsidy of foreign exchange. Between them, they were costing five percent of GDP,” he said.
“If you say GDP was on average, let’s say $400 billion. We all know what five percent of that is – $20 billion of funds that could be going into infrastructure, health, social services, education.”
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