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Business

Lagos continues with demolition of illegal structures in the state

LABSCA and LASPPPA have demolished illegal structures erected along the High Tension Power Line.

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The Lagos State Building Control Agency (LABSCA) and Lagos State Physical Planning Permit Authority (LASPPPA) have demolished illegal structures erected along the High Tension Power Line in Oladan Market, LASU/Isheri Road in Idimu area of the State.

This is in continuation of the Lagos State Government’s effort to rid the state with illegal and unapproved structures thereby safeguarding the state’s physical planning law.

This was disclosed in a statement signed by the 2 agencies in which the General Manager of LASBCA, Arc. Gbolahan Oki, while speaking on the demolition exercise, decried the recalcitrant disposition of owners of the affected structures.

READ: Lagos enforces physical planning laws, removes illegal building attachments in Ikoyi

He revealed that the property had already been served contravention and demolition notices about 5 years ago.

While noting that the buildings brought down by the officials of the State Government were considered a threat to the security of lives of residents of the area, the General Manager cautioned the traders to remain security conscious and desist from putting their lives at risk while transacting businesses.

Oki said, “Just as the State Government is concerned about the safety of all Lagosians, it is important that we also take the issue of personal safety very serious.’

He also issued a final notice with a seven-day ultimatum to the affected market owners to relocate their wares and goods, just as he ordered the seal-up of some other buildings erected on the Right of Way in the area.

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READ: Lagos seals 35 building sites after visits to Magodo, Ogudu, Eti-Osa, others

The General Manager of LASPPPA, Funmi Osifuye, while speaking on the demolition exercise, informed that the agency had embarked on the clean-up exercise across the State to address the flagrant disregard for government rules and its stance on illegal development.

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Osifuye said that Governor Sanwo-Olu’s administration is mindful of the lives and property of all Lagosians and wants every resident to comply with the Master Plan for each of the divisions of the State in order to avoid haphazard building construction works.

READ: Lagos to enforce physical planning law, meets Lekki Phase 1 residents association

Also the State’s Chief Resilience Officer, Dr Folayinka Dania, observed from a resilience perspective that the space occupied by the illegal traders needs to be cleared.

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Dania said, “Whether we like it or not, as a driver of resilience, it is important that we protect our natural and man-made assets and safeguard our critical infrastructure.’’

READ: Lagos to enforce law against illegal conversion of properties in Lekki, Magodo schemes

Bottom line

The Lagos State Government had always asked developers and property owners to ensure they get approval from the relevant state authorities before going ahead with their construction in order not to distort the state’s physical planning masterplan.

The non-compliance to this has seen the state government go on an enforcement drive with the sealing off and sometimes demolition of illegal structures across the state.

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Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

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Business

CBN includes sugar, wheat on FX restriction list

The CBN is set to include sugar and wheat in the forex restriction list.

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CBN forex restrictions on food itemsCBN approves new cheque standard for banks

The Central Bank of Nigeria has announced plans to place sugar and wheat on its FX restriction list.

The plan was disclosed by the apex bank via its verified Twitter handle in a statement credited to the CBN governor, Godwin Emefiele.

The tweet stated: “Sugar and Wheat to go into our FX restriction list. We must work together to produce these items in Nigeria rather than import them. #Emefiele.”

It would be recalled that over the years, the CBN has been reviewing its list of restricted food items to include more items, with the most recent being the addition of maize, a widely-consumed staple food in the country.

What you should know

  • The CBN governor, Mr Godwin Emefiele, had earlier (on Thursday) given this hint while on an inspection visit to the proposed $500 million sugar processing facility in Nasarawa state, belonging to Dangote Sugar.
  • In 2015, the CBN listed 41 items that had been placed on its FX restriction list citing that the move was necessary to conserve the nation’s foreign reserve and boost local production of the items on the restriction list.
  • Some of the items which made the 2015 list are margarine, poultry and eggs, rice, and cement.
  • In 2020, the apex bank included maize in its FX restriction list as it directed all authorised dealers to immediately discontinue the processing of Forms M for maize/corn importation into the country.
  • Nairametrics had also earlier explained in its publication following the new policy shift, that the government’s premise for deciding to restrict FOREX on food is faulty, especially since Nigeria has not attained full food security and the agricultural sector is still struggling.

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Business

FG signs new Sustainable Development Goals agreement with UN

The Agreement is for new development cooperation with initiatives towards achieving Sustainable Development Goals set in the UN Agenda 2030.

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Xenophobia, FG reacts to inclusion of Nigeria on religious freedom blacklist by United States

The Nigerian Government has signed a deal with the United Nations to develop new cooperation towards achieving Sustainable Development Goals.

This was disclosed by the Minister of Foreign Affairs, Geoffrey Onyeama, in a statement on Thursday after the agreement was signed with the United Nations Office for Project Services, UNOPS, represented by Ifeoma Charles.

The Minister said, “On behalf of the Nigerian Government, I signed an agreement with the UNOPS represented by Ifeoma Charles Multi-Country Office Rep. The Agreement is for a new development cooperation with initiatives towards achieving Sustainable Development Goals set in the UN Agenda 2030.”

What you should know 

The 17 Sustainable Development Goals are:

No Poverty; Zero Hunger, Good Health, and Well-being; Quality Education; Gender Equality; Clean Water and Sanitation; Affordable and Clean Energy; Decent Work and Economic Growth; Industry, Innovation and Infrastructure; Reducing Inequality; Sustainable Cities and Communities; Responsible Consumption and Production; Climate Action; Life Below Water; Life on Land; Peace, Justice and Strong Institutions; and Partnership for the Goals.

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