The Lagos State Government appears to be responding swiftly to the rebuilding process of the country’s commercial city after the recent destruction by suspected hoodlums, with the signing of an Executive Order by Governor Babajide Sanwo-Olu, for the formation of an eight-man Board to coordinate efforts to restore lost assets.
At a Press Conference, held on Wednesday, at the Governor’s Office, Alausa, Ikeja, Citibank Nigeria Chairman, Yemi Cardoso, was named as the head of the Board of the Lagos Rebuild Trust Fund.
Sanwo-Olu said the Government decided to put the criminal destruction behind it and face the huge and necessary task of rebuilding the State. The Government, he said, would be embracing new standards of governance and building stronger partnerships, which would enable the State to bequeath stronger institutions and cohesion among residents.
He spoke of how many friends and admirers of the State had been calling to lend a hand in rebuilding the razed assets.
He said, “In the last few weeks, we have been inundated with local and global offers of assistance to rebuild our State and recover all we lost to arson and violence in October. It is obvious that we can no longer wait to begin the onerous task of reconstructing Lagos. In the next few days, our Government will be sending a bill to the House of Assembly for the establishment of a Trust Fund to Rebuild Lagos.
“Today, I am signing an Executive Order to set up an eight-man Lagos Rebuild Trust Fund Committee, which will begin to oversee our recovery process. To ensure the highest standards of probity, transparency and accountability, FBN Trustees, headed by Mr. Kunle Awojobi, will oversee the Lagos Rebuild Trust Fund Committee. The Committee will comprise five members from the private sector, two members from the public sector and one member from the International Donor Aid Community.
“We will embrace new standards of governance and build stronger partnerships, stronger people, stronger institutions, and stronger Lagos. Our strength lies in our uncanny ability to overcome the most complicated challenges because we have people who genuinely love Lagos State and will assiduously do all they can to preserve its peace and unity.”
Sanwo-Olu said the Trust Fund would be responsible for getting detailed cost of restructuring and rebuilding of destroyed assets.
The Funds, he added, would also advise the State Government on the most critical assets to prioritise and identify emergency response service critically needed.
The rebuilding plan, the Governor said, would be all-inclusive, stressing that the government would welcome support and contributions from well-meaning individuals and corporate organisations who believe in the Lagos Dream.