Share
Lagos investigates gas plant explosion, may review 2020 budget
As residents and Nigeria’s state-owned oil company NNPC contest the cause of Sunday’s explosion, Lagos State Governor, Babajide Sanwo-Olu says the state has set up a fact-finding committee on the incident. CNBC Africa caught up with him at the site of the incident where he shared plans to open an emergency two billion Naira fund, and disclosed that the state may have to adjust its 2020 budget.
Mon, 16 Mar 2020 14:33:10 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Governor Babajide Sanwo-Olu has set up a fact-finding committee to investigate the gas plant explosion and assess the costs associated with the incident.
- A two billion Naira emergency relief fund has been established to provide financial assistance to those affected by the tragedy, with the state government already contributing 250 million Naira to the fund.
- Sanwo-Olu plans to meet with the President to discuss the need for additional support from the federal government and is considering adjusting the state's 2020 budget to allocate funds for emergency response and recovery efforts.
Lagos State Governor, Babajide Sanwo-Olu, has taken urgent action following the tragic gas plant explosion that caused loss of lives and extensive damage to properties in the state. Sanwo-Olu has set up a fact-finding committee to investigate the incident and assess the immediate and remote costs associated with the explosion. The committee, which is multi-government and multi-sectoral, will be chaired by the Deputy Governor of Lagos State, Dr. Kadri of Femme Hamzat. Other key members of the committee include the Commissioners for special duties, education, finance, and environment, as well as representatives from various government agencies such as the Nigerian National Petroleum Corporation (NNPC) and the National Emergency Management Agency (NEMA).
In addition to the fact-finding committee, Governor Sanwo-Olu has established a two billion Naira emergency relief fund to provide assistance to those affected by the tragedy. The state government has already contributed 250 million Naira to the fund and is working with three banks to facilitate donations from the public and private sector. The goal of the relief fund is to mobilize resources beyond what the state government can provide on its own, with the aim of supporting the community in its recovery process.
Furthermore, Governor Sanwo-Olu has recognized the need for additional financial support from the federal government due to the unprecedented nature of the tragedy. He plans to meet with the President to discuss the situation and seek assistance in addressing the widespread destruction caused by the explosion. Sanwo-Olu also mentioned the possibility of adjusting the state's 2020 budget to allocate funds for emergency response and recovery efforts.
As the investigation into the gas plant explosion unfolds, the people of Lagos are coming together to support one another during this difficult time. The establishment of the fact-finding committee and the emergency relief fund are critical steps in addressing the immediate needs of the community and laying the groundwork for long-term recovery and prevention of future disasters.
SIGN UP FOR OUR NEWSLETTER
DAILY UPDATE
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.