FG urged to incorporate flooding, natural disasters in budget allocation
By PETER EGWUATU
Federal and State Governments have been urged to consider flooding and other natural disasters in budget allocation and also put in place insurance schemes and other processes that would protect the citizens against human and natural disasters currently prevalent in the country.
The Managing Director/Chief Executive Officer of Custodian and Allied Insurance Plc, Mr. Wole Oshin, made the call recently at the Delta State Liaison office in Lagos when his firm donated relief materials to Delta State flood victims.
According to him, nobody expected some of the crises (human or natural causes) being witnessed in the country. He stressed that now that natural disasters have started to happen, governments at both state and federal levels should put in place structures and processes to mitigate the risks.
He noted that government cannot continue to fund the enormous disaster that are beginning to happen as a result of climate change or general recklessness among Nigerians.
In his words, “Some years ago, we never thought some of the disasters we are seeing in Nigeria could happen. We do not know when it would happen next and when it happens, will we go through this process again of raising fund, donating materials and so on. This is not a sustainable approach.
The more sustainable approach is risk management and in so doing, it is important and critical for government to embrace insurance such that a fixed sum of money is set aside and at the end of the day, they call on insurance companies who are experts in this area to pay claims and restore the people back to where they were prior to the losses”
Speaking on the relief materials (1,000 mattresses) presented to Delta State, Oshin said it was part of Custodian and Allied Insurance Corporate Social Responsibility (CSR) to give back to society where they operate.
According to him, “ When this (flood)happened months ago, we thought of how to help communities that were displaced and Delta State came to our mind because of the enormity of flood in that region.”
Receiving the relief materials on behalf of the Delta State Government, Commission for Information, Mr. Chike Ogeah, said, Delta State thanked the company and others who had rendered similar support for their kind gestures. You have come to donate to displaced people. On behalf of Delta State government and the good people of Delta State, we say thank you to Custodian and Allied Insurance Plc.”