Elumelu donates N100m to Lagos security fund, to build 25-storey hotel

Chairman of Heirs Holdings, Tony Elumelu, on Tuesday pledged the sum of N100 million to the Lagos State Security Trust Fund.

Speaking at an interactive session beteeen Governor Akinwunmi Ambode and captains of industry in Lagos, Elumelu, who is also the chairman of United Bank for Africa,  praised the governor for making giant strides since he was elected in 2015.

Elumelu also announced a plan for a 25-storey Transcorp Hotel in Lagos to create thousands of jobs.

The event was tagged ‘Lagos Means Business.’

Speaking earlier, Ambode urged the private sector to continue to support his administration.

The governor promised to engage in a dialogue over the contentious 400% increase in Land Use Charge.

He promised to provide necessary support to investors and existing businesses desirous of attracting capital to the state.

Ambode also said he would relocate the sawmills at Okobaba in Ebute Meta to Agbowa and gradually upgrade the area.

The governor said he would deal with the gridlock in Iganmu and urged the people of the state to continue to protect infrastructure from being vandalised.

He commended the Chairman of Zenith International Bank, Mr. Jim Ovia, for pledging a 150% increase in the organisation’s yearly contribution to the security trust fund at the event.

Africa’s richest man, Alhaji Aliko Dangote, urged the governor to reduce some taxes payable by the business sector in Lagos.

Dangote described the governor as a problem solver and noted that his administration had made the environment conducive fir businesses.



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