Gabriel Enenche —
Lagos State governor, Babajide Sanwo-Olu of Lagos State yesterday signed three bills into law, including the law regulating real estate transactions and the law to provide for the registration of Cooperative Societies in the state.
This was signed during the weekly State Executive Council meeting. It also included the law to regulate ownership, licensing and sales of pets and to prohibit and restrict people from having in custody dangerous animals in public places.
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Mr Sanwo-Olu said the new bills would strengthen government and citizens’ engagement and relationships and also added that they will ensure that residents continue to live in an atmosphere where the rule of law is protected, also, for residents to know what is expected of them.
He further stated that the government will continue to ensure that residents are satisfied with his administration, enhancing its legitimacy.
He concluded by adding that regulating real estate transactions in the state would help protect unsuspecting residents who fall prey to estate developers involved in dubious dealings, help stakeholders in the sector to know what is expected of them and for the government to be able to keep track of activities in the sector.
”It is really about ease of doing business and ensuring that we can continue to attract private sector investments into the real estate space, Sanwo-Olu said.
”We believe this law would be the very first in the country that has taken a deep dive into what is happening in that space and it further strengthens our intervention in housing through the Ministry of Housing”, he noted.
