Ebere Nwoji
The Nigerian Insurers Association (NIA), has commiserated with the Edo State Government, victims and relations of the latest tragic tanker explosion in Oluku, Ovia North-East Local Government Area, alongside the Benin–Lagos Road in Edo State.
The ugly incident resulted within the loss of lives, accidents and destruction of properties, together with retailers, automobiles and different beneficial belongings.
The Chairman of the Association, Mrs. Ebelechukwu Nwachukwu, on behalf of the Governing Council and member corporations, prolonged her heartfelt condolences to the federal government and other people of Edo State, notably households who misplaced family members, these receiving medical remedy and people whose companies and livelihoods had been affected by the unlucky incident.
Describing the explosion as a devastating tragedy, Nwachukwu famous that past the painful loss of lives and accidents sustained, the destruction of industrial premises, automobiles, merchandise and different properties represents important financial losses, with far-reaching penalties for affected households, companies and the broader neighborhood.
“We are deeply saddened by this tragic incident and the immense pain it has brought upon families and businesses. Our thoughts and prayers are with those who lost loved ones, the injured and everyone whose means of livelihood has been disrupted. We pray for the peaceful repose of the departed souls and speedy recovery of those receiving medical attention,” she acknowledged.
The NIA Chairman noticed that whereas unexpected accidents might not at all times be utterly prevented, their prevalence and severity might be considerably decreased by way of strict adherence to security requirements, accountable street utilization, common automobile upkeep and efficient regulatory enforcement.
She urged petroleum tanker operators, motorists and different street customers to prioritise security, whereas advising members of the general public to keep away from accident scenes involving petroleum merchandise, chorus from scooping spilled gas and promptly alert related emergency response businesses.
Emphasising the important function of insurance coverage in mitigating the monetary penalties of such disasters, Nwachukwu famous that the incident additional reinforces the necessity for people, companies and authorities establishments to embrace satisfactory insurance coverage safety in opposition to unexpected dangers.
“While insurance cannot replace precious lives or erase the emotional trauma of such tragedies, it provides an essential financial safety net, helping affected individuals and businesses recover, rebuild and restore their livelihoods. The destruction of shops, vehicles and other assets in incidents of this nature underscores the importance of appropriate insurance coverage as a fundamental risk management tool,” she stated.
