Lagos State Governor, Babajide Sanwo-Olu has stated that his
administration is already considering tax break and financial
supports for business owners who were affected during the #EndSARS
protests in the state
![image](/2020/10/lawbreedadvrt.jpg")
![image](/2020/10/lawreport.jpg")
The governor disclosed this during his condolence visit and
meeting with tenants and shop owners at Circle Mall in Lekki, on
Sunday.
![image](/2020/10/NWLRland.jpg")
It would be recalled that on Wednesday, October 21, some
hoodlums went on rampage following the fallout of the EndSARS
protests to loot and destroy property worth billions of naira at
various shopping malls and also set their building ablaze which the
Circle Mall was also affected.
Speaking on his administration readiness to assist those
affected by the ugly incident in Circle Mall, Lekki, Governor
Sanwo-Olu said Lagos State Government would not leave the people to
bear their pains alone, promising that government would assist them
in returning back to their respective businesses.
The governor said Lagos State Government would give all business
owners in the burnt mall tax break of PAYE and also appealed to
Federal Government in ensuring that they get tax relief from the
Federal Government through the Federal Internal Revenue Services
(FIRS).
The governor said the state government would give victims of the
mall financial supports, which would be in form of grants support
or lending support to cushion the effect of the looting and
destruction of their respective
shops and stores.
Governor Sanwo-Olu explained that the grant support would be in
form of government giving financial support to the victims, which
they are not expected to pay back while the lending support would
be in form of a loan, adding that he is already discussing with
some financial institutions to assist people with zero-interest
loan.
He also informed them to reach out to the Lagos State Employment
Trust Fund (LSETF) and urged them to make use of the opportunities
being provided by LSETF in assisting people who are in business,
especially small scale businesses.
The governor also implored people on reorientation of value
system and civil responsibility for everybody to be agent of
positive change in their community and anywhere they found
themselves.
Governor Sanwo-Olu also reiterated his administration commitment
to security of lives and property in the state, noting that Lagos
State will no longer tolerate hoodlums looting and destruction of
government and private businesses and properties.
He said though Lagos State Government could not stop people from
coming into the state, but warned people with criminal mind coming
to go elsewhere before being smoke out by the government.
Governor Sanwo-Olu said his government is ready to encourage
people who were in Lagos for business and would go extra mile to
protect businesses in the state.
Lagos State Governor, Babajide Sanwo-Olu has stated that his
administration is already considering tax break and financial
supports for business owners who were affected during the #EndSARS
protests in the state
The governor disclosed this during his condolence visit and
meeting with tenants and shop owners at Circle Mall in Lekki, on
Sunday.
It would be recalled that on Wednesday, October 21, some
hoodlums went on rampage following the fallout of the EndSARS
protests to loot and destroy property worth billions of naira at
various shopping malls and also set their building ablaze which the
Circle Mall was also affected.
Speaking on his administration readiness to assist those
affected by the ugly incident in Circle Mall, Lekki, Governor
Sanwo-Olu said Lagos State Government would not leave the people to
bear their pains alone, promising that government would assist them
in returning back to their respective businesses.
The governor said Lagos State Government would give all business
owners in the burnt mall tax break of PAYE and also appealed to
Federal Government in ensuring that they get tax relief from the
Federal Government through the Federal Internal Revenue Services
(FIRS).
The governor said the state government would give victims of the
mall financial supports, which would be in form of grants support
or lending support to cushion the effect of the looting and
destruction of their respective
shops and stores.
Governor Sanwo-Olu explained that the grant support would be in
form of government giving financial support to the victims, which
they are not expected to pay back while the lending support would
be in form of a loan, adding that he is already discussing with
some financial institutions to assist people with zero-interest
loan.
He also informed them to reach out to the Lagos State Employment
Trust Fund (LSETF) and urged them to make use of the opportunities
being provided by LSETF in assisting people who are in business,
especially small scale businesses.
The governor also implored people on reorientation of value
system and civil responsibility for everybody to be agent of
positive change in their community and anywhere they found
themselves.
Governor Sanwo-Olu also reiterated his administration commitment
to security of lives and property in the state, noting that Lagos
State will no longer tolerate hoodlums looting and destruction of
government and private businesses and properties.
He said though Lagos State Government could not stop people from
coming into the state, but warned people with criminal mind coming
to go elsewhere before being smoke out by the government.
Governor Sanwo-Olu said his government is ready to encourage
people who were in Lagos for business and would go extra mile to
protect businesses in the state.