Business Risk Management – THISDAYLIVE

15 Buildings Razed by Fire at Dosunmu Market, Lagos Island

In a devastating turn of events, 15 buildings at Dosunmu market on Lagos Island were engulfed in flames, marking the second major fire incident in the area in just three weeks. The financial toll of these disasters is yet to be determined, but recent reports indicate that Nigeria has lost a staggering N3.19 trillion to various fire incidents nationwide between 2015 and 2022.

The spate of fires highlights the urgent need for proactive safety measures in place to protect investments and workplaces. Safety Consultants and Solutions Provider Limited (SCSP) Lead Consultant, Antonia Beri, emphasized the importance of implementing health and safety policies to prevent and mitigate losses from emergencies.

Beri stressed that businesses that invest in safety not only protect their workforce and assets but also drive profits and enhance their corporate image. Despite the benefits of Occupational Health and Safety (OHS) measures, many organizations still overlook safety protocols, putting their employees and businesses at risk.

The recent market fire tragedy, which claimed one life and injured several others, serves as a stark reminder of the importance of adhering to safety principles. Beri expressed sympathy for the victims and called for the establishment of fire marshals in buildings to prevent future disasters.

As the economic impact of occupational injuries continues to rise globally, Beri urged businesses to prioritize safety measures and invest in employee training. By updating safety plans regularly and adhering to industry standards, organizations can minimize the risk of workplace hazards and disasters.

In conclusion, Beri emphasized the need for regulatory enforcement of safety codes and standards to ensure the safety and well-being of workers and businesses. By investing in safety, organizations can not only protect their assets but also drive profitability and ensure business continuity in the long run.