CITIZENS COMPASS— Lagos Assembly Lawmakers have adopted the recommendations of the Committee on Finance on Lagos State Wealth Fund Bill, 2025 as the resolutions of the House as amended on Thursday during plenary.
The lawmakers made the recommendation sequel to the report presented by the Chairman of the Committee on Finance, Obafemi Saheed.
Saheed presented “A Bill for a Law to Establish the Lagos State Wealth Fund to Receive, Manage and Invest in a Diversified Portfolio of Medium and Long-Term Assets for the benefit of Lagos State and Future Generations of its Indigenes and Residents and for connected purposes”.
However, It would be recalled that the Bill which scaled through the second reading was committed to the committee to report its findings to the House.
Following the presentation of the report, the lawmakers contributed extensively on the said Bill and some observations were raised.
Subsequently, the Speaker of the House, Mudashiru Obasa who presided over the plenary session stressed the importance of ensuring that the governance structure of funds must reflect competence, experience and inclusiveness.
He thereafter adopted the recommendations of the Committee as the resolution of the House as amended.
In another development, Obasa congratulates lawmakers who emerged victorious in the just concluded primary election of the All Progressives Congress (APC) and implore those who did not get the party’s ticket not to relent on their oars.
The speaker urged all to ensure the prosperity, triumph of the APC party in the upcoming general election.
