While rescue operations were ongoing, Lagos State Governor, Mr. Akinwunmi Ambode, visited the collapse scene and commiserated with families of those that lost their lives.
The president while offering his commiserations to the families of the victim, charged the Lagos State government to take measures to prevent the recurrence of the incident.
She said the three-storey building was among those marked by the officials. He made this known while calling for an investigation into the incident. A National Emergency Management Agency spokesman late Wednesday said 37 people had been pulled out alive, with eight bodies recovered from the ruins.
Around 8 a.m. on Wednesday, Adedayo Adedoyin waved her 6-year-old twin son and daughter off as they took the short walk to their school, a few meters away from their home in Lagos Island.
Local media reported the building houses a school, and more than 40 people were rescued, though it is not yet clear if there are any casualties. But she appeared unconscious and covered in dust as paramedics battled to revive her at the scene.
"Residents, who are the end-users have vital roles to play in curbing building collapse; they are in a better position to detect early illegal, abandoned and substandard constructions", he said. "That's why people stay in a building like that", she said.
"The Deputy Governor is in the hospital actually taking care of those that were rescued and taken to the hospital most especially the children".
"We cleared it out to see if anyone was still buried below this rubble".
He expressed sadness over the incident, stressing that the marked building for demolition would be pulled down.
The Lagos State Emergency Management Agency confirmed on Twitter four adults, five teenagers and one young boy are among those rescued.
Lagos Island is the historic heart of the metropolis, which is home to an estimated 20 million people, and also home to its central business district.
He described the accident as unfortunate and noted that "all is being done by bringing in additional cranes to be able to go deeper than where we are now to rescue more lives".
In September 2014, 116 people died - 84 of them South Africans - when a six-storey building collapsed in Lagos where a celebrity televangelist was preaching.
Building collapses are tragically common in Nigeria, where building regulations are routinely flouted.
He added that in the next phase, 38 other defective structures had been earmarked for demolition, as government would not tolerate cases of collapsed buildings in any part of the State.
Rescue workers and emergency teams rush to the scene. In 2016, a church roof caved in on a crowded congregation in Uyo, a city in southern Nigeria, killing at least 160 people.