Traders blamed a solar-powered electricity inverter for the incident.
Mr Yusuf said, “The government would explore ways to assist the affected traders.”
Firefighting crews were arrived at the scene within five minutes, at approximately 5:55 p.m.
He also directed the immediate construction of a modern hostel that would accommodate more students.
TCN’s spokesperson, Ndidi Mbah, said the fire erupted at about 2:41 a.m. on Monday, resulting in a power outage in some areas nationwide.
A fire outbreak at the intersection of Nnamdi Azikiwe and Docemo in Idumota, Lagos, razed four buildings on Wednesday.
The Wednesday fire incident had claimed the lives of two children and destroyed structures.
The cause of the fire outbreak is yet to be ascertained.
The cause of the fire and number of casualties are yet to be known.
The incident was triggered by a power surge, an official in the palace said.
