Following the success of the regional security outfit codenamed Amotekun and other regional initiatives, Southwest States have agreed to launch regional railway and electricity projects.

The decision came on the heels of the Electricity and Railway Acts 2023 signed by President Muhammadu Buhari. The new laws decentralised the operation of power and rail among others. The items were on the Exclusive List for decades, factor experts have consistently described as a cog in the wheel of progress in the two sectors.

At the end of a two-day conference on the subjects in Akure, the Ondo State capital on Thursday, the six States agreed to pursue regional power and rail projects to deliver economic and social benefits to the region.

Organised by the Development Agenda for Western Nigeria (DAWN) Commission in collaboration with Odu’a Investments Company Ltd., the conference, which was hosted by the Ondo State Investments Promotion Agency (ODSIPA) highlighted the need for each state to build projects in the two sectors and build inter-connectivity among them. The States are Ondo, Ogun, Osun, Oyo, Ekiti and Lagos.

Experts and commissioners for power and transport in the states gave insights to models that can work, financing options and the need to develop a uniform legal framework for the projects in order to attract the right investors and avoid legal lacuna. The DAWN Director General Seye Oyeleye said the best time for Southwest to build its rail system and power infrastructures was in 1958, stressing that the next best time to do it was now.

With estimated 45 million population, over 200 manufacturing industries, and huge trade and commercial activities which account for 37 percent of Nigeria’s Gross Domestic Product (GDP), Oyeleye said the region was in the best position to set the pace for others. He pointed out that the region equally needs to prepare for the huge opportunities which the road being constructed by the African Development Bank which will connect about five West African countries and connects Lagos, will bring to the Southwest region.

According to him, if the region fails to build its power and transportation sectors, the manufacturing companies can decide to move their production to neighbouring West African countries and begin to export their products to Nigeria which has the market.
That, he explained, will lead to job, tax and other losses for Nigeria, especially the Southwest region.

https://thenationonlineng.net/southwest-states-to-launch-regional-electricity-rail-projects/

Just two years ago, the South-West govs proposed six regions, demand LG autonomy, and resource control.

https://punchng.com/swest-govs-propose-six-regions-demand-lg-autonomy-resource-control/

Great job guys...let's keep working hard and together.
Omoluabi on the move

Good,every region should follow their footsteps,especially north central

This is already Restructuring no matter how you look at it.

Nice…

Good one, we can't just allow some tribes reduce and delay our progressive minds

Other regions should emulate this initiative.

the backward looking people don't understand the meaning of economy and social progress...but they understand biafra and war...


.

Raskimonojendor:
Other regions should emulate this initiative.

People diaporal need to come together to form Oduduwa diaporal funds for school and health projects.

Resource Control for South South, please. Hope the South South Governors take note. We have to take control of our resources to develop our region.

Any oil company not paying taxes to South South should be booted out of the region. Let them go drill their oil wherever they are paying their taxes to.

Any banks, companies etc operating in your region and not paying taxes should be booted out too. Priorities should be given to regional companies, banks etc etc. let’s all develop all region.

I ❤️ restructuring.

Make sense.

This is the way to go.

South East states over to you
Oguta in Imo has one of the largest natural gas reserves

BloomingDale:
Resource Control for South South, please. Hope the South South Governors take note. We have to take control of our resources to develop our region.

Any oil company not paying taxes to South South should be booted out of the region. Let them go drill their oil wherever they are paying their taxes to.

Any banks, companies etc operating in your region and not paying taxes should be booted out too. Priorities should be given to regional companies, banks etc etc. let’s all develop all region.

I ❤️ restructuring.

If you know about taxation, you will know that those oil companies and banks with presence in south south states pay taxes there too.
Don't be emotional..

Jogs1900:

If you know about taxation, you will know that those oil companies and banks with presence in south south states pay taxes there too.
Don't be emotional..

All taxes must go to where they are drilling and wrecking the environment. Paying partial tax is not good enough.

BloomingDale:


All taxes must go to where they are drilling and wrecking the environment. Paying partial taxes is not good enough.

I don't know why oil company would have their head quarters in Lagos. the region is really sleeping serious.

BloomingDale:


All taxes must go to where they are drilling and wrecking the environment. Paying partial taxes is not good enough.

Calm down... don't be emotional....As per the drilling, they pay taxes to the relevant agencies in the state of operation ...If they are not, hold your state governments responsible. All these oil companies are not into drilling alone. They are usually conglomerates and they operate outside the south and that is why they have offices outside the south-south. An example is Mobil..Mobil has filling stations in every state in Nigeria, they have assets like a farm tank in Apapa, they sell aviation fuel and the largest market will be either Lagos or Abuja, they produce lubricants.. fact they make more money selling their lubricants, and marketing of their other products than selling oil.

Oyetola Picture instead of Adeleke picture....


Is Oyetola the governor of Osun..state.. ?

These people know that Tinubu will be diverting federal government money to pay for their project.
Hmmm! This is a project to siphon federal government money.
I said it! Person never enter seat,he don dey plan ho to thief our money.

Good initiative. Fully supported

That's the restructuring they talking about

Jogs1900:

If you know about taxation, you will know that those oil companies and banks with presence in south south states pay taxes there too.
Don't be emotional..

Pay taxes where exactly?

oyebanji44:


Look backward people don't understand the meaning of economy and social progress...but they understand biafra and war...


.

The Biafrans already have all their states covered with cargo airports, gas power plants are already in 3 states , automobile manufacturing plants for gas powered vehicles are already in another state, who indeed is copying or emulating who

okeysoninv:
I don't know why oil company would have their head quarters in Lagos. the region is really sleeping serious.

Do companies pay tax to Lagos state government?

I have never seen Nothern Nigeria states unite for developmental projects. They only unite for elections and religious issues.

Gajagojo:

Pay taxes where exactly?

Some taxes are due to the state while some are due to the federal government.
I'm very sure every company remits the Payee of their staff in the state where those staffs work.

So Oyetola is a sitting Governor?

Gajagojo:
Do companies pay tax to Lagos state government?

sure they do.

Jogs1900:

Some taxes are due to the state while some are due to the federal government.
I'm very sure every company remits the Payee of their staff in the state where those staffs work.

For an oi! Company the bulk of its workers are not likely to be in Lagos
Company Tax is paid to the FG

okeysoninv:
sure they do.

Which tax is this?

Gajagojo:
Which tax is this?

company income tax, payee etc.

Gajagojo:

For an oi! Company the bulk of its workers are not likely to be in Lagos
Company Tax is paid to the FG

Meaning whatever they are meant to pay to the state where they drill and that state allowed it to be remitted to Lagos State, it shows the revenue agency of that state is clueless.

okeysoninv:
company income tax, payee etc.

company tax is paid to the Federal government in Nigeria NOT the states
What is etc?
You clearly don't know what you are talking about