The Lagos State government has urged residents to remain calm amid the flash floods caused by torrential rainfall across the state. Efforts are underway to open more drainage channels to prevent future occurrences.

Governor Babajide Sanwo-Olu assured the public that the state plans to establish a Sovereign Investment Fund for strategic future investments. The Commissioner for the Environment and Water Resources, Tokunbo Wahab, explained that Lagos experienced about nine hours of continuous rainfall, leading to flooding in several areas.

Wahab noted that the recent heavy rains, coupled with last week’s downpours, raised the Lagos Lagoon’s water levels. He assured that the flash floods inundating areas like Iyana Oworo would recede once the rains stop and lagoon levels decrease.

Emergency Flood Abatement Gang officials have been deployed to clear blockages at major black spots, including Iyana Oworo. Wahab advised residents against driving through floods, as even a foot of flowing water can sweep away a vehicle.

He encouraged residents to follow daily weather reports from the Ministry of the Environment and Water Resources. He also emphasized the importance of maintaining and cleaning tertiary drains to prevent blockages.

Meanwhile, Governor Sanwo-Olu discussed plans for the Sovereign Investment Fund during a courtesy visit by the Executive Management of the Nigeria Sovereign Investment Authority (NSIA), led by Managing Director/CEO Aminu Umar-Sadiq. The Governor urged the NSIA to consider investing in Lagos’ projects, including Lekki Airport, rail projects, Film City, and a food logistics hub.

Sanwo-Olu highlighted the state’s efforts to support another oncology center, akin to the one at Lagos University Teaching Hospital, to curb medical tourism. He also pointed out ongoing rail projects and the envisioned Film City, aimed at boosting the entertainment industry.

Umar-Sadiq stated that the NSIA manages funds on behalf of future generations of Nigerians, revealing a comprehensive income of about N1.6 trillion last year. He reiterated NSIA’s commitment to infrastructural development in Lagos, emphasizing its role as an asset manager for both federal and state governments.