Sunday, January 25, 2026
27.7 C
Lagos

NAICOM, Governors’ Forum Partner on Insurance Penetration

L-R: Barineka Thompson, Director, Supervision; Mr. George Onekhena, Deputy Commissioner, Finance and Administration; Mr. Sunday Thomas, Deputy Commissioner, Technical; Mr. Oba Olufemi, Director, Finance & Accounts and Dr. Habila Amos, Director, Research, Statistics & Corporate Strategy, all of the National Insurance Commission (NAICOM) at a seminar organised by NAICOM for Insurance Journalists in Benin, Edo State, at the weekend.

The National Insurance Commission (NAICOM) says it will leverage on the Nigeria Governors’ Forum (NGF) to deepen penetration of insurance in Nigeria.

Mr. Sunday, Thomas, Deputy Commissioner  at NAICOM said at a NAICOM Seminar for Journalists in Benin-City, Edo State that the drive to engage the NGF is meant to take insurance awareness and penetration to every part of the country within the shortest possible time.

“This year, we are looking at penetration, which gives NAICOM an ample opportunity to deepen the market and sustain past achievements of the Commission in the industry. We are getting into the second phase of the Market Development and Restructuring Initiative (MDRI) to leverage on the achievements of the first phase. We are also leveraging on the Nigeria Governor’s Forum to reach every state of the Federation.”

He listed the objectives of the second phase of MDRI as collaboration with sister organizations, enhancing market distribution channels and financial inclusion.

spot_img
spot_img
spot_img

Hot this week

SERAP Sues Adelabu, NBET over ‘Failure to Account for Missing N128bn in Power Ministry’

Socio-Economic Rights and Accountability Project (SERAP) has filed a...

NGX Group, Lagos State, HEI Expand Project BLOOM to Alimosho, Building on Measurable Social Impact

Nigerian Exchange Group Plc (NGX Group), in partnership with...

NDIC, EFCC Strengthen Collaboration to Enhance Asset Recovery, Prosecution of Bank Failure Offences

L-R: MD, Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson...

ONEDOSH Raises $3m Pre-Seed to Build Global Stablecoin Payment Rails

Money should move without borders. It doesn’t, yet. OneDosh has...

Unity Bank Unveils Enhanced Unifi Mobile App to Deepen Digital Banking Experience

Nigeria’s retail lender, Unity Bank Plc, has launched an...

Topics

Explore your Payment Option on the PalmPay App 

Just before you complete your payment, have you taken...

Old Mutual Urges Nigerians to Mitigate Risks via Insurance

The Management of Old Mutual General Insurance Company, a...

‘Linkage Assurance Will Meet N10bn Capital Base by 2nd Qtr’

   L-R: Okanlawon Adelagun, Executive Director, Technical, Linkage Assurance Plc;...

Sovereign Trust Insurance Participates at NCRIB Market Storm Project

L-R: Femi Oduwole, MD, Leverage Insurance Brokers, Tope Adaramola,...

Stanbic IBTC Showcases Strong CSI Through Together4ALimb Initiative

As a socially responsible organisation, Stanbic IBTC Holdings PLC...

MTN to Sack Hundreds over Prolonged Strike

Africa's biggest mobile operator MTN, which is grappling with an eight-week strike at its South African operations, plans to cut hundreds of jobs, a local newspaper said on Monday. Citing unnamed sources close to the company, the Business Report newspaper said MTN would go through with layoffs as the strike had shown the company could do without some of its workforce.

NEC Urges States to Patronise NASENI’s Technological Innovations

In a move to fast-track Nigeria’s industrialization, the National...

Barclays, Standard Chartered Picketed in London over Bidco Business

East African protesters have taken to the streets of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img