Cross River State Infrastructural Fund Bill 2015 Passes Second Reading

In Breaking News, National News, Politics, Reports

By Archibong Jeremiah, House of Assembly Correspondent

Hon. John Gaul Lebo, Speaker, Cross River State House of Assembly
Hon. John Gaul Lebo, Speaker, Cross River State House of Assembly

The Cross River State House of Assembly has given members of the House Committee on Finance and Appropriation one week to submit its report to plenary on the Cross River State Infrastructural Fund Bill 2015.

The bill was forwarded to the committee after passing the second reading in the plenary session held on Thursday 2nd July, 2015.

The sponsor of the bill, Hon. Moses Ushie of Obanliku state constituency while presenting it to the House described the bill a law that will engender a developmental institution that will improve the economy of the state.

The bill which has four parts according to him is intended to achieve economical development through infrastructural development in the state.

According to him if passed, the bill will establish some concessionary industries that are sure to yield maximum output.

Furthermore the bill according to the sponsor will open avenues to source for funds through donors and development partners.

During the debate session of the bill, Members of the House welcomed the rationale behind the bill and expressed high hopes that the bill will bring desired results.

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