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C’River to float two institutions for better revenue

Hon-John-Gaul-Abi-ConstHouse assures speedy passage of bills
THE Cross River State government is to establish a micro-finance bank and an enterprise academy.

The Speaker of the State House of Assembly, John Gaul Lebo, said the move was to boost the finances of the state.

The Speaker, while playing host to a delegation from the Central Bank of Nigeria’s (CBN) Entrepreneurial Development Centre (EDC), noted that the Assembly was willing to partner the centre in the area of capacity building for the proposed academy.

Lebo said a legal framework would be put in place for the establishment of the micro-finance bank, which he stressed, would enable the state access funds for entrepreneurial development.

He observed that the society was gradually moving towards a knowledge economy, while appreciating the EDC’s efforts at imparting the requisite skills in the youths and creating an enabling environment for them to be gainfully employed.

Earlier, the leader of the delegation, Emeka Nnamani, said the visit became necessary to intimate the Speaker of the activities of the centre and the numerous employment opportunities offered the youths of the state,
adding that the centre was also complementing the state government by helping to reduce both employment and poverty in the state.

Meanwhile, the House has assured the expeditious passage of the state’s Sustainable Development Goals (SDPs) and Waterfront bills.

Lebo, who gave the assurance when he received a team from the Marine Equipment and Oil Supply branch of the National Union of Petroleum and Natural Gas Workers (NUPENG) in his office, said both legislations were key to the transformational agenda of the current administration in the state.

He disclosed that the lawmakers were already at the last lap of fine-tuning to ensure speedy passage.

The Speaker solicited the input and cooperation of NUPENG on the workability of the law when passed.

The branch chairman of the association, Ifeanyi Omanu, said that the union was inspired by the bills, especially the one on wharf landing and waterfronts, which he noted, would make the waterways safer and more profitable.



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