New Insurance Law Raises Concerns Over Rent Hikes in Nigeria

Nigeria's new National Insurance Industry Reform Act is changing the rules for landlords and property owners. The law now makes it compulsory to insure public buildings against risks like fire, collapse, and flooding—while also covering liability for injuries or loss of life on the premises. Supporters say it’s a step towards accountability and safer infrastructure, but many worry landlords may pass the cost onto tenants through increased rent. In this video, we examine what the law really means, who it affects most, and whether policies like tax relief or rent controls could soften the impact. SUBSCRIBE to our YouTube channel:    / newscentraltvafrica   for more videos Follow News Central on: Facebook:   / newscentralafrica   Twitter:   / newscentraltv   Instagram:   / newscentraltv   LinkedIn:   / feed   Threads: https://www.threads.net/@newscentraltv TikTok:   / newscentraltv   For more content, go to: https://newscentral.africa #NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance