The Lagos State Government has introduced the Lagos State Building Insurance Scheme (LAGBIS) to enforce compulsory building insurance and protect lives and property.
The government says growth without safety is not progress, hence the scheme.
The state governor, Mr Babajide Sanwo-Olu, represented by the deputy chief of staff, Mr Sam Egube, stated this at the unveiling of the scheme on Friday in Lagos.
He said the initiative was aimed at strengthening building safety, promoting accountability in the construction sector and reinforcing Lagos’ position as a safe, responsible and globally competitive city.
“What we are launching today is not just a scheme; we are strengthening another institution that will deepen confidence in Lagos as a safe, responsible and globally competitive city.
