A bill for a law to provide for Public Private Partnership and to establish the Office of Public Private Partnership has scaled through the second reading after thorough deliberation.

          The bill according to the Lawmakers who spoke on its importance would afford investors the opportunity to invest on the Infrastructural Development in the State.

          Hon. Adeola Olamilekan Solomon, Chairman, House Committee on Finance explained that the State Government would get many concessionary agreements if the bill is eventually passed into law. 

          He also noted that the importance of Public Private Partnership cannot be over emphasized in view of the Mega City status which the State is currently pursuing.

          Other members who spoke on the bill said that the State Government cannot do it alone since the State has limited resources, unless Private Sector Participation is allowed in the development of facilities.

          The bill was subsequently committed to the Joint Committees of Finance and Judiciary to report back in four weeks time.

          In another development, the House also committed the Bill for a law to establish the Lagos State Mortgage Board, and to encourage the growth of Mortgages in real property and for the regulation of aspects of consumer loans for acquisition of property and realization of Securities to the Committees on Finance, Housing and Judiciary after going through the second reading on the floor of the House.

Similarly, the report on a Bill for a Law to establish the Lagos State Technical and Vocational Education Board and for connected matters was laid by the Chairman of the Committee on Education, Hon. Wahab Alawiye-King.