Lagos State governor, Babajide Sanwo-Olu, has signed an executive order to establish the Lagos State Rebuilding Trust Fund.
The governor signed the executive order at Lagos House, Alausa, Ikeja, on Wednesday.
He said the trust fund would look into rebuilding the state after suspected hoodlums destroyed public and private facilities in the state.
Buildings in Lagos were razed on Wednesday, October 21, when hoodlums hijacked the #EndSARS protest, following the shooting of protesters by security forces at the Lekki toll gate.
The Speaker of the House of Representatives, Femi Gbajabiamila, had said Sanwo-Olu told him the state would need N1 trillion for reconstruction in the aftermath of the destruction caused by hoodlums who hijacked the #EndSARS protests.
The Lagos Chamber of Commerce had in a statement said that the country lost about N700 billion during the #EndSARS protests.
Among those present during the signing are Lagos State deputy governor, Dr. Obafemi Hamzat; and state Attorney General Commissioner for Justice, Mr. Moyosore Onigbanjo.