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Bill for establishment of Imo CSR Commission passes second reading

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Bill for establishment of Imo CSR Commission passes second reading

By Ugonne Uzoma

A bill establishing the Commission on Corporate Social Responsibility (CSR) in Imo was read for the second time in the Imo House of Assembly on Wednesday.

The bill was sponsored by the member representing the constituency of North Owerri State, Mr. Philip Ejiogu (PDP).

The three-part bill aims to create a standard of social responsibility of state enterprise organizations in accordance with international standards.

Introducing the bill, Ejiogu said the conduct of corporate organizations operating in the state should be regulated to avoid bypassing host communities or sponsoring volatility.

The lawmaker cited the various failures recorded in oil-rich host communities where mining companies failed to honor agreements made with their host communities.

According to him, the bill will regulate the activities of corporate organizations based at IMO for the benefit of the state and its people.

He added that he would also mainstream CSR into IMO trade policies while representing and respecting the rules of the World Trade Organization.

Ejiogu said this would be achieved without creating unjustified trade barriers by seeking to introduce interim or bilateral regional agreements.

The lawmaker added that the commission would be self-sufficient and, as such, would not require funding from the state government.

Supporting the bill, Mr. Okechukwu Onyekamma (PDP Mbaitoli) said the bill would collect, implement and enforce the civic duties of state enterprises.

Onyekamma added that it would also open up new avenues for income generation in the state if passed into law.

In addition, Mr. Obinna Okwara (APC Nkwerre) said the bill, if passed, would help reduce the burden of meeting the development needs of the people on the government.

Okwara added that this would lead to rapid development in areas where these corporate organizations were established.

The President, Mr. Paul Emeziem referred the bill to the Standing Committee on Youth and Social Development.

The chair asked the committee, chaired by the vice chair, Mr. Amarachui Iwuanyanwu, to report to the House on July 7, 2021. (NAN)

(NAN)

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