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Published On: Thu, Nov 16th, 2017

Inferno: Senate urges traders on business protection insurance

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By Christiana Ekpa

Senate yesterday, urged traders across the country to obtain insurance as a basis to protecting their businesses in view of constant fire disasters that had affected many markets.
This, following a motion entitled, “Fire disaster in Central Market, Nguru, Yobe State: A call for urgent intervention”, sponsored by the Senate Leader, Senator Ahmad Lawan.
The Upper Chamber decried what it described as the traders’ apathy towards taking up insurance covers, in spite of its advantages on their trade.
It also urged National Emergency Management Agency, NEMA to urgently provide the necessary interventions to traders whose shops were affected in the fire disaster at the Nguru Central Market in Yobe State and other markets across the country.
Presenting the motion, Lawan, who represents Yobe North Senatorial District under the platform of All Progressives Congress (APC), informed his colleagues that the fire outbreak occurred at the market on Saturday, November 10.
He noted that “the fire outbreak was severe and possibly the worst of its kind in the recent history of fire disasters in Yobe State, where over 60 per cent of the market was razed down”.
The Senate Leader hinted that the fire outbreak destroyed shops and other property worth hundreds of millions of naira, saying that “the adverse effects of the aftermath of the inferno have caused the economic activity to be grounded completely in the market”.
He, therefore, said that the victims of the disaster required urgent intervention to reconstruct and rehabilitate their shops and other necessary intervention.
According to him, the fire disaster in Nguru “is far beyond the capacity of the Yobe State government, therefore, the affected traders need the urgent intervention of the federal government so as to alleviate their sorrow”.
Contributing, Senator Umar Kirfi (APC, Katsina Central) stressed the need for the provision of fire extinguishers in all markets to quell any fire outbreak and prevent losses by the traders.
In his remarks, the President of the Senate, Senator Bukola Saraki, noted that insurance cover helped greatly in securing businesses, especially in times of adversity, advising the traders to insure their businesses and property.

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