THE LAGOS STATE WASTEWATER MANAGEMENT OFFICE (LSWMO), YESTERDAY, SEALED OFF SOME BUILDINGS/PROPERTIES ACROSS THE STATE OVER DIFFERENT ENVIRONMENTAL INFRACTIONS.(PHOTO). #PRESS RELEASE

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 The Lagos State Wastewater Management Office (LSWMO), yesterday, sealed off some buildings/properties across the state over different environmental infractions. They are; * A property on 34, Adeniji Adele, Lagos Island for deliberate discharge of raw sewage into the public drain causing offensive odour and sewage flowing in the community, constituting public nuisance, environmental pollution and endangering human life. * A block of Shops along Powerline Road, Meiran, Alimosho, for the illegal construction and operation of unsanitary toilet facility on a road setback without a permit, constituting public nuisance, environmental pollution and endangering human life. * A three-storey building at 38, Adeniji Adele Street, Lagos Island for deliberate discharge of raw sewage into the public drain. * A building at H29, House of Jesus Street, Langbasa, Ibeju-Lekki, Lagos, for the deliberate discharge of raw sewage into the public drains. Residents are urged to adopt proper wastewater mana...
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FG ESTABLISHES PRESIDENTIAL INFRASTRUCTURE DEVELOPMENT FUND+NEC APPROVES $650M SEED FUNDING.{PHOTO}.

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     President Muhammadu Buhari has approved the establishment of a Presidential Infrastructure Development Fund (PIDF), which is to be managed by the Nigeria Sovereign Investment Authority (NSIA), and invested specifically in critical road and power projects across the country.
The National Economic Council (NEC) has also, today, May 17, 2018, authorised the initial transfer of $650 million dollars to the NSIA from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account, as seed funding for PIDF.
This initiative aims to eliminate the risks of project funding, cost variation and completion that have plagued the development of the nation’s critical infrastructure assets — such as the 2nd Niger Bridge, Lagos to Ibadan Expressway, East—West Road, Abuja to Kano Road, Mambilla Hydroelectric Power — over the last few decades.
This commitment by the President and NEC, allows all State Governments to own an economic interest in the project companies that will be professionally developed and managed by the NSIA.
The investments will yield returns, which will diversify revenues to States, improve the fiscal sustainability profile of the Federation and ensure Nigerians benefit from modernised Infrastructure for decades to come.
The PIDF will secure counterpart funds required for projects being co-developed with China Exim and China Development Banks, and mobilize any additional funding required from development partners.
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