Lagos targets four million residents with $7.5m flood insurance scheme

Lagos State has initiated a flood insurance scheme aimed at safeguarding four million residents living in high-risk areas. The program is designed to provide financial protection with payouts of up to $7.5 million for each flood event. This initiative is part of the state's broader efforts to mitigate the impacts of flooding, which has been a recurring challenge in the region. The scheme is expected to enhance resilience and provide support to affected communities during flood emergencies.

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