Leadway Assurance urges proactive action against flooding

LEADWAY Assurance Company Limited has called on communities, businesses and individuals to take immediate and proactive steps to ameliorate the impact of flood, in anticipation of the severe flooding forecast by the National Emergency Management Agency (NEMA).

NEMA, in its July report presented at a forum in Abuja, predicted an increase in flooding incidents across 33 states from August through October and urged various stakeholders to begin taking precautionary measures immediately.

The Chief Executive Officer of Leadway Assurance Company Limited, Gboyega Lesi, who re-echoed NEMA’s warnings in a statement issued by the insurer, stressed the seriousness of the situation.
He said: “Flooding poses a significant threat to communities across Nigeria and the latest Nigerian Meteorological Agency (NiMET) report highlights the urgent need for proactive protection measures for individuals, families, properties and investments.”

Lesi highlighted Leadway Assurance’s dedication to equipping Nigerians for rapid recovery from disaster impacts through its specialised insurance solutions packaged to the distinct challenges posed by flood-related risks.

He stated: “Our comprehensive policies offer robust protection, empowering individuals and businesses to recover quickly and effectively after a flood. We understand that each flood scenario is different, and our coverage is flexible enough to meet specific needs and circumstances.”
Leadway Assurance is steadfast in helping Nigerians navigate these challenging times and has assured all Nigerians that its dedicated team is ready to provide guidance and support to mitigate risks and facilitate swift recovery.

Leadway Assurance is one of Nigeria’s leading insurance service companies, renowned for its efficiency and customer reliability.
The firm is dedicated to bridging the financial protection gap and increasing insurance penetration in Nigeria and has also expanded its footprint into West Africa with Leadway Vie Limited, a life insurance provider and Leadway IARD Limited, a general insurance provider, operational in Cote d’Ivoire.

A report by the Nigerian Bureau of Statistics (NBS), estimates the 2022 flood disaster, deemed to be the worst in decades, to have caused about $9.12 billion in direct economic damages, according to both the Federal Government and the World Bank.
The assessment disclosed extensive damage to residential and non-residential buildings, businesses, households, public infrastructure and significant disruption to productive and agricultural sectors, while the financial impact was overwhelming, underscoring the need for urgent action.

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