it is a completely useless and wasteful idea yet again. This is the preferred policies of most Nigeria government. build something new and forgot about what you already have. if a road is bad, oh just waste money building a new one. if the airport is bad, build a new one. if you can’t develop a region with agencies you have, lets create yet another agency or bank that doesn’t have any clear mandate or objective. what the region needs is good leadership with a clear measurable simple plan to develop the area. The simple plan is this, clean the region from all the oil spill and flaring, which also includes stopping the spilling and flaring. invest in simple infrastructure like roads, healthcare centers, educational centers. invest in the small business of the people, meaning provide affordable loans to good small or medium size businesses. Invest in some form of agriculture that can help provide food, raw material and jobs for the region. once this simple development are done, they would support and encourage other development and change.