As part of its corporate social responsibility, LASACO Assurance Plc has expressed its support to the Lagos State Security Trust Fund (LSSTF).
Balogun, group managing director/CEO of the Company said this when he led a management of the company to present a cheque of N10 million to the LSSTF in Lagos.
While commenting on the fund, Balogun said, “Many states are trying to copy the concept, it is a unique thing and you are doing a good job. We at LASACO appreciate what you are doing, and we hope other states will emulate this and you will be a consultant to other states.”
When comparing with other states in the country, he said Lagos was still relatively safe, so it felt it should encourage the fund.
Abdurrasak Balogun, executive secretary/ CEO, LSSTF, appreciated LASACO for the gesture and consistent support.
He said, “This is an organisation that has expenditure side but not a revenue side. This is a model for all states in Nigeria. It has clearly shown that this is a model that can take Nigeria out from this underfunding, particularly for Nigerian police.
According to him, the fund was working with a meagre funding but making the best use of it.
He said, “Lagos has about 90,400 roads. We feel that if we had just 1,000 vehicles, that will be one vehicle to 900, is grossly insufficient. If we have 10,000, that will be one to 90.
“You can see why the response time is not that fast because again, the assets are not enough. But the little one we have, we continue to maintain and repair. But what is most important is that the end users, the police, lay down their lives for us and yet the tools that is required for them is not there.
“This donation is becoming difficult, and any donation we get is well appreciated. But the truth of the matter is we will continue to ask for more. If you have the confidence in us that the resources are well managed, you will tell us.”
As Lagos seemed to be more secure and stable, he said it was cogent to continue to keep the city safe
