Managing Business Risks – THISDAYLIVE

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Omolabake  Fasogbon

Recently, no fewer than 15 buildings harbouring people’s investments at Dosunmu market, Lagos Island, went down in fire. This was just barely three weeks after four buildings were razed down by fire in the same area. 

Although, it is not certain the financial worth of investment lost to these recent disasters, report has it that Nigeria lost about N3.19 trillion to various fire incidents nationwide between 2015 and 2022. 

Beyond fire, there are other hazards plaguing investment and workplace such as building collapse, chemical exposure, electrical and repetitive motion injury, amongst others. 

The recent incidents bring to the fore the importance of proactive safety plan while building investment.

Lead Consultant at Safety Consultants and Solutions Provider Limited (SCSP), a risk consultancy and engineering solutions in life, fire and safety risk management, Antonia Beri, stressed that all businesses must health and safety policy, duly implemented, as enshrined by law. 

According to the safety expert, investment in safety helps businesses to drive profit and continue by preventing and mitigating losses from emergency. This is in addition to…

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