THE Chairman, Committee on Works and Infrastructure of the Lagos State House of Assembly, Hon. Rotimi Olowo, has said the Bill for the establishment of the Lagos State Public Works Corporation (PWC) would ensure accountability when passed into law.
At a public hearing on the Bill at the weekend, Olowo said the Bill is meant to replace the 2003 Law, which backed the establishment of the Lagos State Works Management Board.
According to him, there was a need to have a Bill to take care of the corporation and give it a Governing Board through which funds would get to the corporation, in addition to receiving donations from members of the public and private organisations.
He noted, “We don’t want the corporation to be like the Nigerian National Petroleum Corporation (NNPC). Our own gifts and donations would be accounted for, and we need to have a board that would take care of the funds for accountability and transparency purposes.
“We also want to have a Secretary for the board. The Bill would allow for efficiency and accountability. It would take care of how money comes in and how it is spent. The corporation is an agency of the government funded by government’s money and their income and expenditure would be open to members of the public.”
Also speaking, the Executive Chairman of PWC, Mr. Gbenga Akintola, disclosed that the new Bill, when passed into law, would enhance good governance.
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