Ogun State Commissioner for Physical Planning and Urban Development, Olatunji Odunlami,
The Ogun State Commissioner for Physical Planning and Urban Development, Olatunji Odunlami, said on Thursday that any construction above two floors must have an All Risk Insurance Policy Certificate.
Odunlami stated this at a stakeholders’ meeting held at the Olusegun Osoba Press Centre, Oke-Mosan, Abeokuta.
The Commissioner noted that this is in line with the provisions of the Ogun State Building Production Management Authority Regulation 2022.
He called on insurance companies to serve as watchdogs in the drive to enforce the provisions of the law.
Odunlami explained that the All Risk Insurance Policy should be maintained by the contractor or developer and will cover both human and material assets during the entire construction period.
He added that it will help to ensure that persons engaged to work on-site or who have lawful access to the site, as well as building materials and other equipment, are protected against any form of injury, loss, or damage.
Odunlami stated, “The coverage extends to innocent passers-by and their property, as well as adjacent properties, humans, and animals domiciled in them,” he said.
“Additionally, property owners and subsequent occupiers are also required to obtain a Building Insurance Policy to cover the building itself against fire outbreaks, damage, collapse, and other unforeseen circumstances.”
The Commissioner reiterated the present administration’s commitment to enhancing public safety and reducing construction site accidents.
He further disclosed that the protection of investors and developers from financial losses, the promotion of a culture of risk management and responsibility, as well as support for the growth of a resilient and sustainable building and construction industry in the state, are their targets.
Earlier in his address, the Permanent Secretary in the Ministry, Engr. Sakirudeen Salaam stated that the consultative meeting was held to publicise the provisions of the principal law and the five regulations that guide the activities of the ministry and its agencies so that relevant stakeholders can collaborate with the government to achieve orderliness in the physical planning of the state.
Speaking on behalf of the insurance companies, one of the underwriters, Yomi Babalola, appreciated the state government for showing a willingness to work with their sector to mitigate risk and protect the public from unforeseen circumstances.
Babalola promised the underwriters full cooperation in achieving the provisions of the law.
