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New Ministry of Regional Development Will Strengthen Local Govt Autonomy – Capital Development Fund Boss

The Executive Chairman of the Nigerian Capital Development Fund, (NCDF) Group, Hareter Babatunde Oralusi is sure that the establishment of the new Federal Ministry of Regional Development and Regional Development Commissions by President Bola Tinubu will help accelerate the local government autonomy.
“This bold step reinforces the administration’s commitment to inclusive and sustainable development at the grassroots level, marking a pivotal moment in Nigeria’s democratic evolution.
“This is another remarkable step in the right direction, and one that promises lasting, impactful change. The establishment of regional development commissions complements the critical Local Government Autonomy framework, creating a comprehensive structure that enables local, state, and federal governments to collaboratively support grassroots development.”
A statement by the Executive Director of the NCDF, Mr. Tajudeen Kareem quoted Oralusi as saying that the creation of these regional development bodies is essential to bridge long-standing gaps in infrastructure and social services across the country.
“This decision to decentralize development functions reflects a forward-thinking approach to governance, empowering local communities while ensuring the equitable distribution of resources.”
He said that when local governments are empowered by enabling law and supporting structures, they will gradually become the drivers of grassroots development and catalysts for poverty eradication.
“Nigeria is on a promising path toward deeper federalism that involves every level of government in delivering sustainable development.”
Oralusi said that the emerging national structure will drive more resources to the sub-national level, enhance social services and critical infrastructure improvements across Nigeria’s communities.
He described the decision of President Tinubu as “a pro-poor initiative that demonstrates the government’s prioritization of poverty alleviation, inclusive economic growth, and the overall wellbeing of its people. This setup will also encourage robust private sector participation and empower non-governmental organizations to invest in projects that truly benefit the masses.”
Oralusi also expressed optimism in Nigeria’s future, calling on Nigerians to be hopeful and that the Senate needs to expedite action on the passage of comprehensive local government autonomy legislation.
“A truly autonomous local government system is the bedrock of grassroots democracy. By advancing this bill, the Senate can solidify a governance framework that ensures every Nigerian feels the impact of national progress.”
He pledged NCDF readiness to work with all tiers of government to drive impactful development to the grassroots.
“We are ready to collaborate with these new commissions, investing in initiatives that uplift Nigeria’s under-served regions.”