Gov. Ambode Signs New Environmental law

By: Olajide Toriola
The governor expressed optimism that the law would translate to environmental victories for the state which over the years, struggled to effectively manage 10,000 metric tonnes of waste generated by residential, commercial and industrial concerns daily.Signing the bill into law, Ambode said: “I am delighted that our bill has been signed into law. Our major environmental laws are outdated and do not address our present-day challenges.

“We exist in a world where the protection and preservation of public health and the environment have evolved and are primarily driven by data. We cannot compete if our laws are based on obsolete information.”

The governor lauded members of the State House of Assembly for shelving their differences in the overall best interest united to pass the bill.

He said: “I know that the process of change may seem daunting at first, but ultimately, this shows that we can achieve a lot on our own and we can join with others for the common good of Lagos State.

“We have taken everyone along the value chain into consideration from the existing Private Sector Participants (PSPs) to the cart pushers and the scavengers on the landfills. Everyone will be accommodated under this new environmental scheme.”

Those who witnessed the signing included: the Stock Exchange Commission (SEC) regulated trustees who will manage the Environmental Trust Fund, representatives of FBN Merchant Bank, Stanbic IBTC, United Capital Plc, STL Trustees Ltd, United Trustees Ltd, Camden Yards Ltd, Union Trust, Afrinvest, Exczellon Capital and APEL Trustees.




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