• Friday, April 19, 2024
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BusinessDay

Lagos finalises register-to-open guidelines, set to restart economy

Owners of property on Lekki Regional Road right of way (RoW) are losing their investment, as Lagos State has revoked all layout approval on already

Lagos State Government has set in motion the process of re-opening its economy, with the rollout of Register-to-Open guidelines. Governor Babajide Sanwo-Olu said the state government daily battles the reality of balancing reactivation of economic activities and the continuation of the state’s response to contain the Coronavirus (COVID-19) pandemic.

The governor said the battle to stop the ravaging virus in Lagos had subjected the state to a delicate situation of having to manage hunger resulting from weeks of slowdown in economic activities and also the movement of consumer goods to keep the economy afloat.

He said the four-page Register-to-Open guidelines were the major part of the measures initiated to achieve phased re-opening of the State economy, adding that Government had offered incentives that will affect its Internally Generated Revenue (IGR) in order to prevent job loss in critical industries that provide employment for a large number of labour.

Sanwo-Olu disclosed this development while speaking at a webinar organised by First Securities Discount House (FSDH) Group, with the theme: “A Global Pandemic: Local Realities and Peculiarities – A View from the Frontlines”. The Governor was a panelist in the online discussion that also featured Governors of Kaduna and Edo states, Mallam Nasir el-Rufa’i and Godwin Obaseki.

The webinar had about 1,200 people who participated from across the globe.

Sanwo-Olu said the State Government remained committed to tackling COVID-19 and breaking the cycle of its transmission, but added that there was need to address hunger and job loss that could arise from prolonged lockdown of the economy.

He said: “We have been caught in a very delicate situation between managing COVID-19 on one hand and managing hunger and sustaining an economy that is not only depended on commercial activities in Lagos alone, but also other States across the federation. We have had weeks of engagement with players in fast-moving consumer goods sector and part of the measures we are taking is that, we are giving them additional clearance to work for longer hours.

“Besides, we initiated what we called Register-to-Open, which is a thorough guideline to help the residents ahead of the full re-opening. Some of the things we will be seeing in the four-page guideline is, how we want to manage space at various places of business and what numbers of personnel and clients we expect at a given period, which must be based on the sizes of the facilities. As we prepared for this phased re-opening, we are giving priority to sectors that have higher number of labour.”