The National Insurance Commission supports the Lagos State Building Insurance Scheme, aiming to enhance insurance penetration and consumer protection. The scheme provides financial protection against losses from fire, flooding, and structural collapse, with commitments to elimina
The Lagos State Government launched the Lagos State Building Insurance Scheme (LAGBIS) to enforce building insurance for structures above one storey. Governor Babajide Sanwo-Olu emphasized the importance of safety in urban development, aiming to protect property owners and tenant
NAICOM and NIA advocate for stricter enforcement of compulsory building insurance in Nigeria, citing the Lagos State Building Insurance Scheme as a model. The initiative aims to enhance risk management and consumer protection through digital technology and systematic enforcement.
