Looting Circle Shopping Center: Governor of Sanwo Olu Pledges Tax Incentives and Financial Support to Entrepreneurs
Governor Sanvo Olu said the Lagos state government will not allow people to bear pain alone, noting that the government will help them get back into their business.
Lagos Governor Sanvo Olu has pledged to support Circle Mall tenants and entrepreneurs after their stores were ransacked and burned by gunmen who took over the #EndSARS protest.
Speaking on Sunday, November 1, during a condolence visit and meeting with tenants and store owners at Lekki Mall, Governor Sanvo Olu said the Lagos State government will provide tax breaks and financial assistance to all entrepreneurs affected by the accident.
It should be remembered that some of the thugs went berserk on Wednesday, October 21, after the EndSARS protests were hijacked and billions of naira property in the Circle mall was looted and parts of the building were also burned.
Speaking of his administration’s willingness to help people affected by the destruction at Circle Mall, Lecchi, Governor Sanvo Olu said the Lagos state government would not allow people to bear pain alone, noting that the government would help them. return to your activities.
The governor said the Lagos state government will provide assistance to all entrepreneurs at the burned-out Circle Mall PAYE and has also asked the federal government to provide them with tax breaks from the Federal Internal Revenue Service (FIRS).
Governor Sanwo Olu said the state government will provide financial support to Circle Mall victims, in the form of grants or loans, to mitigate the looting and destruction of their shops and stores.
“Sanwo Olu asked store owners to contact the Lagos State Employment Trust (LSETF) and encouraged them to take advantage of the agency’s opportunities to help people in business, especially small businesses.” reads state government statement
Reaffirming his administration’s commitment to keeping life and property safe in the state, Sanwo Olu said the state of Lagos will no longer tolerate criminals looting and destroying government, businesses and private property.
He said that while the Lagos state government cannot prevent people from entering the state, the governor warned people with the criminal intent to travel elsewhere before the government lights them up.
The governor said his government is committed to encouraging people on business in Lagos to do whatever it can to protect businesses in the state.
Earlier speaking, Circle Mall tenants thanked Governor Sanwo Olu for his compassion in the face of serious challenges. They asked him to help them financially to get them back on their feet.
They also asked the Lagos state government to tighten security around the Circle mall to prevent two attacks that have suffered in the past 13 months in the future.