Lagos parliament passes Sports Commission, Trust Fund Bills
*Iwuanyanwu commends vision of Lagos parliament
Members of the Lagos State House of Assembly have passed the bill on the establishment of Sports Commission as well as Trust Fund into law.
The lawmakers had on resumption of plenary after the New Year break considered the report of the Chairman of the House Committee on Youth, Sport and Social Development, Hon. Adedamola Kasumu, on the two bills which sought to provide for the establishment of the Lagos State Sports Trust Fund and for connected purposes and Lagos State Sport Commission.
The two bills according to the Speaker, Mudashiru Obasa, is meant to promote sporting activities in the state, while the Trust Fund would provide interface between the government and the private sector towards the development and adequate funding for sports in the state.
According to him, the Trust Fund will be the depository of all monies and can raise funds for the development of sports in the state through grants by the federal government, the state and local as well as donations or contributions for individuals or corporate organisations.”
Meanwhile, Chief (Dr) Emmanuel Iwunayanwu, the Chairman of the Board of Trustees of the Nigeria Sports Development Fund Inc. (NSDFI), has commended the forthright vision of the parliament for successfully passing the Bill. This is what we have been advocating for over the years. No government can fund sports with its meagre resources. The first step is to wean the institution to have the semblance of a private sector, thus, the Commission.
With the Trust Fund, several options are now available to secure the kind of funds including crowd funding, international grants, the use of lottery and several others to raise the kind of money required to go into sports development. That is a vision we share with glee and I am so particularly happy with the parliament. They earn my commendation. My joy is full,” the former proprietor of Iwuanyanwu Nationale FC of Owerri said.