The Senate has passed the bill seeking the establishment of North East Development Commission to rebuild the insurgency-ravaged North East region of Nigeria.
The bill passed the third readingafter earlier disagreements over funding sources and headquarters.
The Senate approved the allocation of three per cent of Value Added Tax accrual to the Federal Government in the next 10 years for the rebuilding of the North East through the proposed commission.
The report on the commission was laid by Murtala Nyako (APC-Adamawa), chairman of the committee on special duties.
In his remark after the bill was passed, Senate President, Bukola Saraki, said, “With this commission, I hope we can collaborate and address humanitarian crisis and challenges in the North East.”
The Senate will transfer the bill to the House of Representatives for concurrence before forwarding it to President Muhammadu Buhari for assent.
If it scales the remaining procedural hurdles, the commission will have its headquarters in Borno State, worst hit by Boko Haram terrorism.
“I am truly elated at the passing of the NEDC bill today by the 8th Assembly of the Federation,” said Mr. Nyako.
“Today marks the beginning of a new future for the North East and the vision of its restoration shall now soon be a reality,” he added.