Wednesday, August 20, 2025
24.1 C
Lagos

NAIPCO Confab Set for Nov 4 with NSITF Chief as Chairman

The 2020 edition of the annual Conference of the National Association of Insurance and Pension Correspondents (NAIPCO), is now set to hold on Wednesday,4th of November, 2020 at Four Points By Sheraton Hotel, Victoria Island, Lagos by 10:00am.

Accordingly, experts as well as stakeholders in the financial services sector will converge to deliberate on how insurance and pension fund operators can build their investment portfolios to maximise profit.

The theme for the conference is: “Promoting Bankable Investments Portfolio for Insurance and Pension Sectors.”

The Chairman of the occasion is the Chairman, Nigeria Social Insurance Trust Fund (NSITF), Mr. Austin Enajemo-Isire while the Director General, Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf, is the Keynote Speaker, even as the Chairman, Mutual Benefits Assurance Plc, Dr. Akin Ogunbiyi will be the Special Guest of Honour and Chief Launcher of the new NAIPCO website.
The Commissioner for Insurance/CEO, the National Insurance Commission (NAICOM), Mr. Sunday Thomas and the Director General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, have confirmed their attendance at the conference.
Similarly, the Chairman, Nigerian Insurers Association (NIA), Mr Ganiyu Musa; the CEO, Pension Fund Operators Association of Nigeria (PenOp), Mr. Agudah Oguche, among others, will also be present at the occasion to deliberate on ways  operators can invest in the businesses of the Organised Private Sector of Nigeria(OPSN) and still maximise profit.
Speaking on the preparation for the event, the President, NAIPCO, Mr. Chuks Udo Okonta, said, as a critical stakeholder, it is the desire of NAIPCO that companies in both the insurance and pension sectors build up investment portfolios that will translate to huge returns on investments for shareholders and contributors of the contributory pension scheme.
He said the organised private sector has consistently lamented of low funding for manufacturers as the investment community have accused OPSN of lack of bankable investment projects in which pension and insurance companies can invest in, despite the two sectors having in excess of N11 trillion funds that could be invested in the economy.
For the insurance sector, he stressed that the theme of the conference is apt based on the argument that the sector is destroying value due to the consistent low returns on investment to shareholders.
For the pension sector, he stated that, the theme is also apt as PFAs have limited investment outlets with the ban on investment in treasury bills by the Central Bank of Nigeria(CBN) as well as, the current low yield on bonds, the mainstay investment instrument of the pension industry.
Accordingly, he pointed out that the experts will lay bare all available bankable investment outlets for the operators to reap maximum benefits for their shareholders and customers’ benefits.
Moreover, he said, a new NAIPCO website will be unveiled at the conference, while there will be awards for individuals or organisations that have contributed immensely to the growth and development of either the insurance or pension sectors.

 

 

 

spot_img
spot_img

Hot this week

NAICOM, SEC Initiates Partnership to Drive Insurance Sector Reforms

The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin paid...

How Power Outages Threaten Nigeria’s Digital Economy Dream

By Elvis Eromosele Recently, I found myself inside a multi-storied...

Tinubu Commissions WAGL’s 40,000 CBM LPG Vessel in South Korea

Dignitaries at the naming ceremony of the 40,000 cubic...

NCC to Partner ATCON on National Digital Infrastructure Development

KEYNOTE ADDRESS BY DR. AMINU MAIDA, EXECUTIVE VICE-CHAIRMAN OF...

Tinubu Approves N16.7bn for Reconstruction of Mokwa Bridge in Niger State

President Bola Tinubu has approved the release of N16.7...

Topics

Royal Exchange Reports N14.2bn Gross Premium in 2019

From L-R: Adeyinka Ojora, Director; Alhaji Rufai Mohammed, Director;...

NSE Employees Give Back in CSR Initiative

The Nigerian Stock Exchange has announced that its employees...

Engr Jimi Onanuga Honoured at 93rd Anniversary of ICOBA

Engineer Jimi Onanuga (left) received Prestigious Service to ICOBA...

NCDMB Seeks Annual FID Week to Drive Increased Oil Production

As part of the strategies to increase Nigeria’s crude...

NIA Congratulates Segun Bankole on Election as CAMCONIA Chairman

The Nigerian Insurers Association (NIA) has sent a message...

Sanofi Announces AfricaTech 2020 Challenges, Calls for Entries

  Sanofi, a global biopharmaceutical company dedicated to improving the...

NGX Group, Market Stakeholders Honour Pascal Dozie’s Enduring Impact

L-R: Idahosa Gabriel, President and Chairman of Council, LCCI;...
spot_img

Related Articles

Popular Categories

spot_imgspot_img