NIGERIA LOST N6 TRILLION TO FIRE WITHIN FIVE YEARS.

The chairman of the senate committee on interior, Sen. Andy Uba has confirmed that Nigeria lost over N6 Trillion worth of goods to fire disasters in the past five years.

Alarming as these numbers are, many believe it is higher given than not all fire incidents are efficiently captured in a statistics database.
There is a general consensus on the need to mitigate this trend by devising ways to stop the fire before they start and also educating the populace on the need for insurance as a risk transfer mechanism.

This has become imperative so that in the event of fire, people don’t lose out completely with no hope of getting anything back.

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