The Executive Chairman of the Nigerian Capital Development Fund (NCDF) Group, Hareter Babatunde Oralusi, has commended President Bola Tinubu and the Nigerian Senate for their visionary establishment of the Federal Ministry of Regional Development and the Regional Development Commissions. This ground-breaking initiative is seen as a significant stride toward fostering inclusive and sustainable development at the grassroots level, marking a pivotal moment in Nigeria’s democratic evolution.
“This bold step reinforces the administration’s commitment to addressing the needs of all Nigerians, especially those in underserved regions,” Oralusi stated in a recent press release issued by NCDF’s Executive Director, Mr. Tajudeen Kareem. “The creation of regional development commissions not only complements the vital Local Government Autonomy framework but also lays the foundation for a comprehensive governance structure. This structure empowers local, state, and federal governments to work collaboratively, ensuring that grassroots development is prioritised.”
Oralusi emphasised the importance of these regional bodies in bridging long-standing gaps in infrastructure and social services that have historically plagued various parts of the country. “This decision to decentralise development functions is a forward-thinking approach to governance. It empowers local communities, allowing them to take charge of their own development while ensuring that resources are distributed equitably,” he remarked, reflecting on the broader implications of this initiative.
He elaborated on the transformative potential of empowering local governments through enabling laws and supportive structures. “When local governments are equipped with the authority and resources they need, they can become true drivers of grassroots development and powerful catalysts for poverty eradication,” he said, painting a picture of a Nigeria where local governance plays a crucial role in lifting communities out of poverty. Oralusi pointed to the emerging national structure as a means to drive more resources to sub-national levels, which will enhance social services and facilitate critical infrastructure improvements across Nigerian communities. “Nigeria is on a promising path toward deeper federalism that genuinely involves every level of government in delivering sustainable development,” he observed, underscoring the significance of this initiative for the nation’s future.
Describing Tinubu’s decision as “a pro-poor initiative,” Oralusi highlighted the government’s commitment to poverty alleviation, inclusive economic growth, and the overall well-being of its citizens. “This framework not only prioritises the needs of the most vulnerable but also encourages robust private sector participation. It empowers non-governmental organizations to invest in projects that genuinely benefit the masses,” he noted, recognising the collaborative spirit this initiative is expected to foster.
Looking to the future, Oralusi expressed optimism about Nigeria’s trajectory, urging citizens to remain hopeful. He called upon the Senate to expedite the passage of comprehensive local government autonomy legislation. “A truly autonomous local government system is the bedrock of grassroots democracy,” he stated passionately. “By advancing this bill, the Senate can solidify a governance framework that ensures every Nigerian feels the impact of national progress.”
As an organisation dedicated to socio-economic transformation, NCDF is poised to support and collaborate with all tiers of government to drive impactful development at the grassroots level. “We stand ready to work hand-in-hand with these new commissions, investing in initiatives that uplift Nigeria’s underserved regions,” said Kareem, reinforcing the organisation’s commitment to fostering meaningful change. According to him, in this evolving landscape, the collaboration between government, local communities and private entities holds the promise of a brighter future for Nigeria. With initiatives like the Federal Ministry of Regional Development and the Regional Development Commissions, he believes the country is taking significant strides toward a more equitable and prosperous society, where every Nigerian has the opportunity to thrive.
Source: https://thenationonlineng.net/oralusi-ncdf-applaud-tinubu-on-regional-development-initiative/
