PSN to Build Eight Floors Pharmacy Towers in Lagos


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The Pharmaceutical Society of Nigeria (PSN) has concluded plans to build an eight floors magnificent edifice in Victoria Island (VI), Lagos that will be called Pharmacy Towers, which will be let out to corporate businesses to generate income for the Society.

Speaking at the historic groundbreaking ceremony for the building organised by the PSN and held at the project site at Churchgate Street, VI, Lagos on Friday, PSN President, Pharm. Ahmed Yakasai said that he is immensely happy to lay the foundation for the project because the PSN almost lost the land and had to overcome judicial litigation and other obstacles to get the land back.

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PSN to Build Eight Floors Pharmacy Towers in Lagos
Pharm. Ahmed Yakasai, president PSN, performing the groundbreaking ceremony.

The PSN helmsman thanked the Oba of Lagos, His Royal Highness, Rilwan Akiolu for his intervention during the troubling time to get the land back and also praised the Chairman, PSN Lagos Property Committee, Dr John Nwaiwu, for his dedication to the task of ensuring the Society did not lose land.

Pharm. Yakasai disclosed that PSN’s plan is to self-finance the construction of the project, adding that that was what prompted the decision to make it an eight floors building. He, however, noted that the Society is open to proposals that are not self-serving from honest investors interested in the project.

The PSN president also stated that the PSN may decide to have a world class laboratory for pharmaceutical analysis at the building when completed, noting that this could be a great business idea for the Society, because there will always be a demand for a quality laboratory that can handle important pharmaceutical analysis.

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PSN to Build Eight Floors Pharmacy Towers in Lagos
PSN President, Pharm. Ahmed I Yakasai (middle) flanked by other executives of the Society at the ceremony.

Speaking at the event, Dr John Nwaiwu said that although efforts to reclaim the land had been on for some years, he is happy it was achieved under Pharm. Yakasai, adding that he is also pleased the outgoing president is able to lay the foundation for the building because he did a lot to get the land back.

Also speaking at the ceremony, Pharm. Emeka Duru, the national secretary of PSN while thanking God for making the event possible praised the PSN president for his efforts and determination to get the land back.

Pharm. Deji Osinoiki, a fellow of the PSN while speaking at the ceremony disclosed that the PSN got the land in 1983 and signed agreement with a contractor to erect a building on it, but ran into trouble in the execution of the contract which resulted in litigation, adding that the PSN almost lost the land. He also praised Pharm. Yakasai for leading the struggle that helped the Society to get the land back.

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The highlight of the ceremony was the official sod-turning for the project performed by the PSN president, Pharm. Yakasai.





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