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Economy | State and Local Govts

Cardoso Leads Eight-Man Team for Lagos Recovery Efforts

Nov 04, 2020   •   by   •   Source: Proshare   •   eye-icon 2040 views

Wednesday, November 04, 2020 /9:37 PM / by Lagos StateGovernment / Header Image Credit: @followlasg


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...As Sanwo-Olu signs ExecutiveOrder for Rebuild Lagos Trust Fund 

  

Daysof reflection over the carnage sparked by the hijack of the #EndSARS protestsseems to have ended in Lagos with Governor Babajide Sanwo-Olu leading thebattle to rebuild razed infrastructure. 

 

TheGovernor today (Wednesday) signed an Executive Order for the formation of an eight-manBoard to coordinate efforts to restore lost assets. 

  

CitibankNigeria Chairman, Mr. Yemi Cardoso will head the Board of the Lagos RebuildTrust Fund. 

 

TheBoard members were unveiled at a Press Conference at the Governor's Office,Alausa, Ikeja. 

  

Sanwo-Olusaid the Government decided to put the criminal destruction behind it and facethe huge and necessary task of rebuilding the State. The Government, he said,would be embracing new standards of governance and building strongerpartnerships, which would enable the State to bequeath stronger institutions andcohesion among residents. 

  

Hespoke of how many friends and admirers of the State have been calling to lend ahand in rebuilding the razed assets. 

  

Hesaid: "In the last few weeks, we have been inundated with local and globaloffers of assistance to rebuild our State and recover all we lost to arson andviolence in October. It is obvious that we can no longer wait to begin theonerous task of reconstructing Lagos. In the next few days, our Government willbe sending a bill to the House of Assembly for the establishment of a Trust Fundto Rebuild Lagos. 

  

"Today,I am signing an Executive Order to set up an eight-man Lagos Rebuild Trust FundCommittee, which will begin to oversee our recovery process. To ensure thehighest standards of probity, transparency and accountability, FBN Trusteesheaded by Mr. Kunle Awojobi will oversee the Lagos Rebuild Trust FundCommittee. The Committee will comprise five members from the private sector,two members from the public sector and one member from the International DonorAid Community. 

  

"Wewill embrace new standards of governance and build stronger partnerships,stronger people, stronger institutions, and stronger Lagos. Our strength liesin our uncanny ability to overcome the most complicated challenges because wehave people who genuinely love Lagos State and will assiduously do all they canto preserve its peace and unity".

  

Sanwo-Olusaid the Trust Fund would be responsible for getting detailed cost ofrestructuring and rebuilding of destroyed assets. The Funds, he added, willalso advise the State Government on the most critical assets to prioritise andidentify emergency response service critically needed. The rebuilding plan, theGovernor said, will be all-inclusive, stressing that the government wouldwelcome support and contributions from well-meaning individuals and corporateorganisations who believe in the Lagos Dream. 

  

Hiswords: "I believe this is the starting point of a new socio-economic process. Iam hopeful that this initiative will help us to seamlessly make the transitionto a rebuilt Lagos with upgraded public structures, facilities and amenities. Iknow that the ashes that presently dot our landscape will birth modern andglobally acceptable infrastructure. 

  

"Atthe centre of this decisive action to rebuild Lagos is the need to closely workwith the people and organisations who call Lagos home; those who believe in theLagos Dream, and those who share our collective vision of a mega-city thatthrives on peace and unity among all ethnic groups. Those who know that thefuture of Lagos is tied to our ability to keep nurturing our State and thosewho are ready to commit their resources to the glory of our State, becausetheir future is the future of Lagos".

  

Othermembers of the Trust Fund's Board are the Managing Partner, Olaniwun Ajayi LP,Prof. Konyinsola Ajayi, SAN; Chief Executive Officer of Sterling Bank, Mr.Abubakar Suleiman; Co-Founder and CEO, Flutterwave; Mr. Gbenga Agboola; ViceChairman, Standard Chartered Bank, Mrs. Bola Adesola - all representing the privatesector - and a representative of an International Donor Agency. 

  

TheCommissioner for Economic Planning and Budget, Mr. Sam Egube, and PermanentSecretary, Ministry of Works and Infrastructure, Engr. Jimi Hotonou, aremembers of the Board representing the public sector. 

  

Aspart of Government's objectives to fully heal the wounds of the crisis, theGovernor also announced six other Committees. They are: Business ContinuityCommittee; Assessment Committee; Execution, Measurement and Evaluation Committee,Communication and Engagement Committee, Trust Fund Implementation Committee andSecurity and Enforcement Committee. 

  

Withthe move, Sanwo-Olu expressed optimism that the State would attain new heightsof development for a more resilient system and become more united in achievingits development goals. 


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