Lagos State commences plan to impose insurance on buildings above 2 floors

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The Lagos State Government has announced plans to introduce building insurance for properties in the state that have more than two floors in the state. The State Government, through the Ministry of Physical Planning and Urban Development, is in talks with critical stakeholders on the need for a smooth and successful implementation of the building insurance requirement stipulated for buildings above two floors by the Regional Planning and Development (Amendment) Law 2019. As part of efforts to successfully implement the law which requires building owners to submit their Certificate of…

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