One of Nigeria’s leading financial institutions, Cornerstone Insurance Plc, has been appointed to provide comprehensive insurance cover for the 100 buses of the Lagos Bus Rapid Transit (BRT) scheme, which is expected to take off 17 March.
One of Nigeria’s leading financial institutions, Cornerstone Insurance Plc, has been appointed to provide comprehensive insurance cover for the 100 buses of the Lagos Bus Rapid Transit (BRT) scheme, which is expected to take off 17 March.
Under a plan to address the chaotic public transportation system in Nigeria’s economic capital city of over 10 million people, the long, air-conditioned buses will run on dedicated lanes from different parts of the commercial city and only stop at designated bus stops.
This will be a departure from the present rickety and old buses that ply the ever busy Lagos roads.
“Any transformation process is replete with risks and will take the expertise of a dependable risk bearer to anticipate and appropriately mobilise resources to ensure that the wheel of progress does not grind to a halt,” Dominic Ichaba, the Chief Executive Officer of the Insurance company, said at the insurance certificate presentation ceremony.
He expressed the company’s readiness to partner with the Lagos State government in its efforts to transform the area into a mega city.
“This is one of many practical steps to register our readiness and willingness to mobilise every resource at our disposal as a responsible stakeholder,” Ichaba added.
The BRT Project Co-oordinator, Olusegun Spencer, commended the company’s insurance support and partnership which, he said, will ensure a successful operation of the scheme in the metropolis.
Cornestone insurance company is a leading Nigerian innovative underwriter with tailor-made risk coverage of different classes. Panapress.
