LASG partners insurance firms to compensate victims of collapsed buildings

Lagos State government on Monday said it would collaborate with insurance companies to ensure safety and in the event of liabilities, pay compensations to persons involved in collapsed buildings.

To achieve this, a mandatory insurance digital solution platform will be introduced for all property onwers in line with Federal Government Insurance Act.

Speaking during a press briefing, Director General, Lagos State Safety Commission, LSSC, Mr. Lanre Mojola and the Chief Executive Officer, Nigerian Insurance Association, NIA, Mrs. Yetunde Ilori reiterated on the need to imbibe insurance culture on the populace

Mojola said: “Safety is everybody’s responsibility yet Lagos State government under the leadership of Mr Babajide Sanwo-Olu will continue to step up its responsibility at ensuring that there is safety across the state.

“No amount of efforts put in place to prevent accidents will will stop it from occurring. That is why insurance comes in; that is why we are engaging and educating the public. Our role is to ensure that there is enforcement, but we are starting with engagement. We are partnering all the insurance companies in the provision of digital solution platform for insurance cover.”

Also speaking, Mrs. Ilori efforts would be made to ensure that insurance companies keyed into the scheme.

“We appreciate the work being done by the state government to ensure that all is well. The state has always been at the forefront and others follow. We will ensure that all arms of insurance companies key into it. We have four committees to ensure that the process is successful,” Ilori said.

While noting the purpose of the insurance was not for revenue generation, she explained no amount of premium would be too much to paid as insurance cover.

She explained that the essence of the digital solution platform is to have hitch free exercise that will be transparent devoid of touts and other shoddy activities.

According to her, the first stage is to create awareness because many do not imbibe insurance culture, adding that after engagement and education, the next stage will be to enforce the law.