Fire disasters wipe out N4.6trillion from Nigeria's uninsured economy

Fire disasters wipe out N4.6trillion from Nigeria’s uninsured economy

Central Lagos fire incident. Photo by BusinessDay

Repeated fire disasters across Nigeria have destroyed markets and small businesses, with an estimated N4.6 trillion in assets. The informal sector bears the heaviest losses yet remains largely uninsured. BusinessDay Investigations examines how frequent fire incidents reveal the cost of Nigeria’s i

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