Lagos State Government has commended Custodian Social Responsibility Foundation, an arm of Custodian Investment Plc, for embarking on community development projects, including roads rehabilitation, around its base of operations in Yaba.
During the official hand over of the completed project to the state government in Lagos, Lagos State Governor, Babajide Sanwo-Olu, stated that the government was deliberately focused on infrastructure development and innovation in its quest to achieve the transportation and traffic management pillar in its THEMES agenda.
He said, “Lagos State, like all other states in the country, also has infrastructure funding challenges. There is no gainsaying that the government alone cannot provide funds for the entire infrastructure needs of the state.
“Therefore, the only available option available to the government is to be creative and to look for ways to provide extra budgetary funding for the maintenance of roads.”
The governor, who was represented by the Special Adviser on Works and Infrastructure, Aramide Adeyoye, said, “This completed strategic link road project, situated in Yaba LCDA, which was approved last December under a Public Infrastructure Improvement Partnership programme is 149m in length with an average width of 7.5m.
“The scope of the project includes scarification to a depth of 500mm. It has a build back up with 200mm sharp sand, 150mm crushed stone base and 50mm sand bed, complete with semi rigid 80mm thick interlocking pavement. It also has drains and streetlights components.
“Through the delivery of this project, we have been able to demonstrate the linkage of road infrastructure delivery to employment generation, and perhaps, as a component of Corporate Social Responsibility.
“We hope this will encourage further private sector participation in our developmental strides.”
The Chief Executive Officer, CSRF, Mrs Olubunmi Aderemi, said the foundation supported four pillars – education, health, sustainability and community development.
The reconstruction of Chapel Street was not its first initiative in the community, she said.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
p style="text-align: justify;">