Mall looting: Sanwo-Olu promises tax break, financial support for business owners

Sanwo-Olu

Following recent looting and burning of several shops and stores at Circle Mall in Lekki by hoodlums following the hijack of the EndSARS protests, Lagos state governor, Mr. Babajide Sanwo-Olu, has promised to assist the tenants and shop owners at the mall for them to bounce back to business. 

Speaking during a condolence visit and meeting with tenants and shop owners at the Mall in Lekki, Governor Sanwo-Olu said Lagos state government will give tax break and some financial assistance to all the business owners affected by the ugly incident.

Speaking on his administration’s readiness to assist those affected by destruction in Circle Mall, Lekki, Governor Sanwo-Olu said Lagos state government will not leave the people to bear the pains alone, noting that the government will assist them to return to their respective businesses. 

The governor said Lagos state government will give all business owners in the burnt Circle Mall tax break of PAYE and also appealed to the federal government to ensure that they get tax relief from  the Federal Internal Revenue Services (FIRS).

Governor Sanwo-Olu said the state government will give victims of the Circle Mall financial support, which will be in the form of grant or loans to cushion the effect of the looting and destruction of their respective shops and stores. 

Sanwo-Olu also asked the shop owners to reach out to the Lagos State Employment Trust Fund (LSETF) and urged them to make use of the opportunities being provided by the agency in assisting people who are in business, especially small scale businesses. 

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