February 06, (THEWILL) – The Ogun State House of Assembly has passed the State Investment Promotion and Facilitation Agency (Amendment) Bill, 2022, to give deserved recognition to investors doing business in the state in line with international standards.
The Speaker, Hon Olakunle Oluomo, disclosed this during a plenary session at the Assembly Complex, Oke-Mosan, Abeokuta, noting that the amendment of the bill would provide legal backup for the investors.
He added that the investors would be carried along in the state government’s activities through their agency to reflect the new change of nomenclature of some ministries earlier mentioned in the bill.
Oluomo was responding to contributions from three lawmakers, Kemi Oduwole, Kunle Sobukola and Sola Adams, who stressed that it would boost investors’ confidence and give them more official recognition in operating their investments.
They added that the amendment was necessary to specify the appointment procedure of the proposed agency’s chairman, with a view to achieving optimum performance in the course of the agency’s operations.
The passage of the bill titled, ‘H.B. No. 078/OG/2021,’ followed a motion for the amendment moved by Oduwole and seconded by Ganiyu Oyedeji, thereafter which the bill was read and adopted clause by clause before the committee of the whole house.
The Majority Leader, Yusuf Sheriff, moved the motion for the third reading of the bill, seconded by Hon. Abdul Bashir Oladunjoye, leading to the third reading of the bill by the Clerk and Head of Legislative Services, Deji Adeyemo, before the members.
The Speaker thereafter directed that clean copies of the bill be transmitted to the Governor Dapo Abiodun for his assent.
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