President Bola Tinubu has signed into law South East Development Commission Bill.
The the South East Development Commission (SEDC) bill was sponsored by Deputy Speaker Ben Kalu.
The bill were passed by both chambers in June and transmitted to the president for assent.
President Tinubu signed the bill on Tuesday, according to Mr Kalu, who announced this in a post on social media.
The SEDC is responsible for the five South-east states of Ebonyi, Imo, Abia, Enugu, and Anambra.
The signing of the bill into law comes amid calls for reducing government agencies to cut down the cost of governance in the country.
Mr Tinubu had earlier announced a plan to implement the Oransaye Report on the review of ministries, departments, and agencies.
In February, the president set up an eight-member committee to review the report and present a position to the government for consideration.
The committee, headed by the Secretary to the Government of the Federation, George Akume, was given a 12-week deadline to ensure that necessary legislative amendments and administrative restructuring were efficiently implemented.
However, five months later, there has been no update on the implementation of the report.
