The House of Representatives has given its backing to the establishment of South- West Development Commission (SWDC) and South-East Development Commission (SEDC).
The lawmakers also approved special financial support for the revamping of the Nigerian armed forces, all in three separate bills which reports were laid and passed at the committee of the whole.
The approvals followed the consideration and adoption of several clauses and recommendations in three reports of bills seeking for the establishment of South-West, South-East Development Commissions and special fund for the armed forces.
Presenting the report of the Committee on Justice, on a Bill for an Act to establish South-West Development Commission, Hon. Ozurigbo Ugonna said the commission will, among others, be charged with responsibility to receive and manage funds, from allocation of the Federation Account, including donations and gifts, the reconstruction and rehabilitation of roads, houses and other infrastructural damages suffered by the region.
The commission, he said, is also saddled with the responsibility of execution of such other works and functions, which are required for the sustainable development of the South-West states and its people.
For South-East Development Commission, the report presented by the Deputy Chief Whip of the House, Hon. Nkeiruka Onyejeocha states that the commission will serve as a catalyst to develop the commercial potentials of the South-East.
According to the report, the commission is to receive and manage funds from allocation of the federation for the rehabilitation, reconstruction and reparation for houses and lost businesses of victims of the Civil War, and as well address any other environmental or developmental challenges in the region.
For the armed forces fund, the Chairman, House Committee on Defence, Hon. Babajimi Benson, explained that the bill seeks to provide special financial support, training and modern security equipment for the revamping of the Nigerian armed forces.