Tripartite agreement programme – Building urban flood risk resilience in Nigeria

This case study explains how a public–private partnership in Nigeria is helping the government better manage flood risks, especially in Lagos. It focuses on a new parametric flood insurance system that allows the government to receive quick payouts based on predefined triggers (like flood levels), rather than waiting for damage assessments. This is important because Nigeria is highly vulnerable to flooding, with low insurance coverage and millions of people at risk.
The programme brings together the government, UNDP, and insurance companies to not only design the insurance product but also strengthen institutions, policies, and disaster planning. The goal is to ensure faster emergency response, support affected communities, and reduce financial strain after disasters. Early results show improved preparedness and the ability to respond more quickly when floods occur, benefiting millions of people. Overall, the project demonstrates how combining insurance, government planning, and international support can build long-term resilience to climate risks and could be expanded across Nigeria in the future.