Lagos secures $7.5M flood insurance for 4 million at-risk Nigerians
Lagos has purchased a $7.5 million flood insurance policy to help protect millions as the city faces rising sea levels and climate-linked flooding, the Insurance Development Forum said.
Nigeria's Lagos state has taken out a $7.5 million flood insurance policy to cover about 4 million people at risk from flooding, the Insurance Development Forum said Thursday. The move is intended to mitigate impacts as the economic capital confronts rising sea levels and floods linked to climate change.