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NCRIB urges govt to curb building collapse

To combat the menace of building collapse in the country, government at all levels need to be more proactive in implementing building laws, the President, Nigeria Council of Registered Insurance Brokers (NCRIB), Mr Shola Tinubu, has said.

He spoke in an interview with reporters in Lagos.

He also said that they have to continually engage stakeholders in the construction built environment and related institutions to elicit their input for a long lasting solution to the malaise.

He called on the government to give more impetus to the implementation of the enforcement of compulsory building insurance as enshrined in Section 64 and Section 65 of Insurance Act 2003.

He further advised Nigerians to, on their own, insure their personal assets in order to mitigate their losses when and if losses like building collapse occur.

He added that every individual should ideally live up to his responsibility of care by protecting whatever is valuable to him or her, both life and property, noting that their slogan has been,” Whatever is worth having, is worth insuring”.

Speaking on efforts to drive insurance penetration in the insurance industry, he said the council is quite aware of the desire of the National Insurance Commission (NAICOM) to drive insurance penetration in the country, noting that it is commendable.

“While the entire industry operators are saddled with the task to make this vision come to pass, the NCRIB would soon be redoubling its efforts by making inputs into the initiative. We like to use this opportunity to appreciate NAICOM for its favourable disposition towards growing the industry and assure that our council will continue to complement the commission in this regard.”

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He further stated that the council is committed to adding greater value to its members.

“I am most delighted that today, it is a pride for any member to belong to the NCRIB, because of the added value members are getting from the council. Through this value addition we have been able to douse the negative views and a flurry of ill fillings that was the lot of many members about two years ago. We have given value in terms of training. We have also given value in terms of information sharing, leading to facilitation of business through public bids”, he noted.

Source: By Omobola Tolu-Kusimo

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