ThisDay· 22h ago· 1 min read
…Targets 500,000 Protected Buildings
Raheem Akingbolu
The Lagos State Government, in collaboration with VEDA Technology and key stakeholders across the insurance industry, has launched the Lagos Building Insurance Scheme,(LAGBIS), which is Africa’s first fully digitised building insurance, compliance and risk management programme aimed at improving public safety and protecting lives, property and investments across the state.
The unveiling took place last Friday in Lagos. The promoters said it was a response to a growing need for stronger building protection following a series of devastating fire incidents across Lagos, including the Christmas Eve fire that engulfed the Great Nigeria Insurance Building on Martins Street, Lagos Island, destroying hundreds of shops and goods worth billions of naira. Against a backdrop of more than 1,685 fires recorded across Lagos in the past year and…
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