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    Imo Assembly Passes Orashi Special Energy Free Trade Zone Bill

    Julius AlagbeBy Julius AlagbeSeptember 11, 2024No Comments3 Mins Read
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    Imo Assembly Passes Orashi Special Energy Free Trade Zone Bill

    The Imo House of Assembly, on Tuesday, passed three bills, including the Orashi Special Energy Free Trade Zone Establishment Bill.

    The House also passed the Light-up Imo Project Bill and the Establishment of the Commission for the Development of the Oil Producing Areas in Imo Bill.

    The News Agency recalls that the bills scaled through the Second Reading during the House plenary session on September 5.

    The Orashi Special Energy Free Trade Zone Establishment Bill, sponsored by the Deputy Speaker, Mr Amarachi Iwuanyanwu, is intended to facilitate Imo’s industrialisation.

    Also, the Light-up Imo Project Bill, sponsored by the Majority Leader, Mr Kanayo Onyemaechi, is expected to ensure uninterrupted power supply in the state.

    The Establishment of the Commission for the Development of the Oil-producing Areas Bill, sponsored by the Chief Whip, Mr Chigozie Nwaneri, is intended to enhance the development of the oil-producing communities.

    Nwaneri said during the second reading that the bill is to help ensure that funds given to the commission were properly deployed to develop the communities.

    The bills were passed after the House considered the reports of the committees at the Committee of the Whole, chaired by the Speaker, Mr Chike Olemgbe.

    The speaker directed the Clerk, Mrs Chinelo Emeghara, to convey clean copies to the Office of the Governor for his assent. #Imo Assembly Passes Orashi Special Energy Free Trade Zone Bill

    The Imo House of Assembly, on Tuesday, passed three bills, including the Orashi Special Energy Free Trade Zone Establishment Bill.

    The House also passed the Light-up Imo Project Bill and the Establishment of the Commission for the Development of the Oil Producing Areas in Imo Bill.

    The News Agency recalls that the bills scaled through the Second Reading during the House plenary session on September 5.

    The Orashi Special Energy Free Trade Zone Establishment Bill, sponsored by the Deputy Speaker, Mr Amarachi Iwuanyanwu, is intended to facilitate Imo’s industrialisation.

    Also, the Light-up Imo Project Bill, sponsored by the Majority Leader, Mr Kanayo Onyemaechi, is expected to ensure uninterrupted power supply in the state.

    The Establishment of the Commission for the Development of the Oil-producing Areas Bill, sponsored by the Chief Whip, Mr Chigozie Nwaneri, is intended to enhance the development of the oil-producing communities.

    Nwaneri said during the second reading that the bill is to help ensure that funds given to the commission were properly deployed to develop the communities.

    The bills were passed after the House considered the reports of the committees at the Committee of the Whole, chaired by the Speaker, Mr Chike Olemgbe.

    The speaker directed the Clerk, Mrs Chinelo Emeghara, to convey clean copies to the Office of the Governor for his assent.

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    Julius Alagbe
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    Julius Alagbe has about 2 decades of experience in finance, accounting and economics. A fantastic financial analyst with experience in the media, research and consulting industry.With an education background from top global institutes like Imo State University, the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Administration/Nigerian College of Administration, and Julius has focused on anything that trends, figures, and projections can explain.Apart from his reportage skills, Julius has cut his teeth in Due Diligence, Advisory Service, Research, and Training.

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