The Lagos state Government has come out clean on how much it will cost to rebuild Lagos State following last week’s massive destruction of public assets.
According to the Lagos State Governor Babajide Sanwo-Olu “it will cost nothing less than N1 trillion”
Recall that the state was the epicenter of looting, arson and destruction between Wednesday and Friday last week.
The destruction and damage cuts across all areas of endeavor, including businesses, government and private. Even the judiciary was not spared as court rooms were razed.
Speaker of the House of Representatives, Femi Gbajabiamila, clearly mentioned the estimated cost during his visit to the governor at the Government House in Marina on Sunday.
Gbajabiamila, who visited alongside members of the House of Representatives from Lagos, said: “The governor mentioned that the state is planning a budget of about a trillion naira.”
Among other public assets destroyed are 89 new buses of the Bus Rapid Transport (BRT) burnt down in Oyingbo and Berger where they were parked.
Each of the buses, according to Commissioner for Information and Strategy Gbenga Omotoso costs about $200,000.
