Traders urged to take up group insurance policy

The National Emergency Management Agency (NEMA) has advised South-East traders to take up group insurance policy to minimise losses from fire related disasters. .

NEMA’s Zonal Coordinator Walson Brandon told newsmen in Enugu on Wednesday that fire disaster had become a recurring decimal in the zone especially in major markets.

Brandon noted that markets in Enugu and Anambra had been gutted by fire in recent time and traders had lost wares and property running into million of Naira.

“It is necessary that at this time and age, traders, especially those in the South-East, who invest heavily in goods, should take up group insurance policy against fire disasters.

“They can pool themselves together as well as their financial resources to get a reliable insurance company to share their risk with,’’ he advised.

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The zonal coordinator noted that the agency was yet to respond to the victims of fire disasters in markets within Anambra and Enugu.

“In Anambra we have issues of fire; Anambra and Enugu have devastating fire incidents.

“Recently there was this fire incident at the Timber Market in Enugu State. We went and conducted on the spot assessment

“We have forwarded the report to our national headquarters and awaiting their response,’’ he said.

He noted that activities of the agency were affected by dwindling funding as a result of recent economic recession but expressed hope that things were beginning to look good again following the intervention of President Muhammadu Buhari.