Insurers lament fire outbreaks, want policy for markets
A firefighter extinguishes a fire at Apongbon market in Lagos, Nigeria, on March 23, 2022. – A morning fire on March 23, 2022 badly damaged a main bridge in Nigeria’s commercial capital Lagos, razing dozens of shops and risking more traffic chaos in the city, the emergency.<br />The blaze broke out during of an extended nationwide electricity shortage, which along with a spike in global fuel prices is already hurting households and businesses in Africa’s largest economy. (Photo by Benson Ibeabuchi / AFP)
The Nigerian Council of Registered Insurance Brokers, NCRIB, has urged Lagos State Government to pay more attention to insurance of markets across the state, in order to provide safety and succour for victims in the event of the aftermath of losses to human and material assets.
The group harped on accelerated sanitary initiatives, especially in vulnerable areas of the state and more aggressive public campaigns on how citizens could become more responsible for their assets and those of the government.
The NCRIB President, Rotimi Edu, while sympathising with Lagos State Government on the Apongbon bridge fire disaster where valuables worth millions of naira were destroyed, also underscored the critical place of insurance in risk mitigation, particularly in the protection of assets of the lowly in market places.
Edu, in a sympathy letter to the Governor of Lagos State, Babajide Sanwo-Olu said that the Council was pained by the avoidable disaster, especially at a time when the state government was deploying all strategies towards protecting lives and properties of Lagosians.
“With this, the government should turn more attention on the insurance of markets across the country, in order to provide safety and succour to the victims in the event of the aftermath of losses to human and material assets as this case in point,” Edu said.
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