The Lagos State Cooperative College is near establishment.

A bill has been passed into law by the State House of Assembly that will give birth to the institution.

The state government believes it will further enhance economic development of the state.

It was passed on Monday after after Third Reading on the floor of the House.

The lawmakers took turns to perfect some corrections in the 31-section bill before it was finally passed by the House, the News Agency of Nigeria reported.

At the plenary presided over by the Speaker, Mr Mudashiru Obasa, a voice vote was conducted on each section of the bill before its passage.

Obasa said: "Having considered the Third Reading for a bill to establish the Lagos State Cooperative College and for Connected Purposes, the bill is hereby passed into law".

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The speaker directed the Clerk of the House, Mr Azeez Sanni, to forward a clean copy of the bill to Governor Akinwunmi Ambode for his assent.

After the bill was passed, a report of the House Committee on Transportation on Lagos State Waterways Authority Regulation 2017 was brought up.

But it was the stepped down until further notice due to some inadequacies.

The report was laid by the Acting Chairman of the committee, Mr Mojeed Fatai representing Ibeju-Lekki I.