Lagos govt enforces mandatory insurance for multi-storey commercial buildings.
The Lagos State Government has announced that all commercial buildings exceeding two floors will now be required to carry compulsory insurance coverage as part of ongoing efforts to enhance urban safety, planning compliance, and risk management across the state.
The policy was revealed at the 2025 Real Estate Discussions and Awards held in Lagos, an event organised by Thinkmint Nigeria, where stakeholders in housing, land administration, and urban planning gathered to discuss emerging trends in the real estate sector.
Delivering one of the keynote presentations, the Special Adviser to the Governor on Enterprise Geographic Information System, E-GIS, and Urban Development, Dr Olajide Babatunde, reaffirmed the government’s commitment to transforming land administration and physical development through technology, transparency, and sustainable practices.
According to him, the state, working with international development partners, has completed a comprehensive digital mapping of Lagos to support the full rollout of the E-GIS.
The new platform, he said, will enable instant land searches, digital certification, online applications, and real-time verification of property ownership and planning approvals.
“Lagos will soon commence compulsory insurance for all multi-storey commercial buildings above two floors. The state will also begin land and building regularisation through a 300-property pilot scheme in Epe,” Babatunde said.
He added that a new electronic planning permit system will allow compliant developers to obtain building approvals in as little as 10 minutes, a move aimed at drastically reducing bureaucratic bottlenecks and curbing corruption in the approval process.
Babatunde, however, warned against double allocations, forged survey documents, and unapproved constructions, revealing that the government has begun a statewide physical planning audit. Non-compliant developers, he stressed, would face strict penalties.
The Lagos State Government has announced that all commercial buildings exceeding two floors will now be required to carry compulsory insurance coverage as part of ongoing efforts to enhance urban safety, planning compliance, and risk management across the state.
The policy was revealed at the 2025 Real Estate Discussions and Awards held in Lagos, an event organised by Thinkmint Nigeria, where stakeholders in housing, land administration, and urban planning gathered to discuss emerging trends in the real estate sector.
Delivering one of the keynote presentations, the Special Adviser to the Governor on Enterprise Geographic Information System, E-GIS, and Urban Development, Dr Olajide Babatunde, reaffirmed the government’s commitment to transforming land administration and physical development through technology, transparency, and sustainable practices.
According to him, the state, working with international development partners, has completed a comprehensive digital mapping of Lagos to support the full rollout of the E-GIS.
The new platform, he said, will enable instant land searches, digital certification, online applications, and real-time verification of property ownership and planning approvals.
“Lagos will soon commence compulsory insurance for all multi-storey commercial buildings above two floors. The state will also begin land and building regularisation through a 300-property pilot scheme in Epe,” Babatunde said.
He added that a new electronic planning permit system will allow compliant developers to obtain building approvals in as little as 10 minutes, a move aimed at drastically reducing bureaucratic bottlenecks and curbing corruption in the approval process.
Babatunde, however, warned against double allocations, forged survey documents, and unapproved constructions, revealing that the government has begun a statewide physical planning audit. Non-compliant developers, he stressed, would face strict penalties.
Lagos govt enforces mandatory insurance for multi-storey commercial buildings.
The Lagos State Government has announced that all commercial buildings exceeding two floors will now be required to carry compulsory insurance coverage as part of ongoing efforts to enhance urban safety, planning compliance, and risk management across the state.
The policy was revealed at the 2025 Real Estate Discussions and Awards held in Lagos, an event organised by Thinkmint Nigeria, where stakeholders in housing, land administration, and urban planning gathered to discuss emerging trends in the real estate sector.
Delivering one of the keynote presentations, the Special Adviser to the Governor on Enterprise Geographic Information System, E-GIS, and Urban Development, Dr Olajide Babatunde, reaffirmed the government’s commitment to transforming land administration and physical development through technology, transparency, and sustainable practices.
According to him, the state, working with international development partners, has completed a comprehensive digital mapping of Lagos to support the full rollout of the E-GIS.
The new platform, he said, will enable instant land searches, digital certification, online applications, and real-time verification of property ownership and planning approvals.
“Lagos will soon commence compulsory insurance for all multi-storey commercial buildings above two floors. The state will also begin land and building regularisation through a 300-property pilot scheme in Epe,” Babatunde said.
He added that a new electronic planning permit system will allow compliant developers to obtain building approvals in as little as 10 minutes, a move aimed at drastically reducing bureaucratic bottlenecks and curbing corruption in the approval process.
Babatunde, however, warned against double allocations, forged survey documents, and unapproved constructions, revealing that the government has begun a statewide physical planning audit. Non-compliant developers, he stressed, would face strict penalties.
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