Lagos introduces building insurance scheme, says safety must match development
The Lagos State Government has introduced the Lagos State Building Insurance Scheme (LAGBIS) to enforce compulsory building insurance and protect lives and property.
Sanwo-Olu said the government had strengthened regulatory oversight through the Lagos State Building Control Agency (LASBCA) by expanding inspections, improving enforcement and insisting on greater compliance with building regulations.
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.
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