Tuesday, November 4, 2025
24.8 C
Lagos

Osinbajo: Nigerians Should Patronise Brokers on Insurance Business

 

NCRIB President, Dr. (Mrs.) Bola Onigbogi led the NCRIB delegation on courtesy visit to the Vice President, Prof Yemi Osinbajo in Abuja.

The Vice President, Professor Yemi Osinbajo has advised Nigerians to engage services of Registered Insurance Brokers, in other to effectively protect their assets, irrespective of their economic status and position.

He gave this advice when a delegation of The Nigerian Council of Registered Insurance Brokers (NCRIB) led by its President, Mrs. Bola Onigbogi paid him a courtesy visit in Abuja.

He noted that “it is Important that our assets are insured, since insurance is the best way to save money, rather than thinking we could save money by not insuring”

The Vice President specifically highlighted the roles of Insurance Brokers in the insurance value chain and economy, stressing that professionals such as Brokers have crucial roles to play in the on-going revitalization of the nation’s economy.

He promised the support of the present administration to the Council, in all areas where it seeks to accelerate insurance awareness and growth of the profession in the country.

Speaking earlier, the President of the Council, Mrs. Onigbogi applauded the Federal Government for releasing the sum of N9.2 billion for group life for Federal Government employees.

She appealed to the Vice President for support in urging the Ministries, Departments and Agencies (MDAs) to maximize benefits of insurance by budgeting yearly for their assets as a prudential financial strategy.

Onigbogi disclosed that significant progress was already being made in the passage of insurance Consolidated Bill at the National Assembly and expressed delight at the robust opportunity given to the Council for its input into the proposed law.

spot_img
spot_img
spot_img

Hot this week

2025 Almond Insurance Industry Awards Holds Friday, Nov 7 in Lagos

All is now set for the 2025 Almond Insurance...

Stanbic IBTC Bank Nigeria PMI: Output Growth Hits 6-Month High in October

October data pointed to improved growth momentum in the...

Emirates Rolls out 700 Exclusive Winter Deals with My Emirates Pass

Emirates Airlines has announced exclusive winter offers with My...

Sterling HoldCo Builds on Upward Earnings Trajectory with 127% Profit Growth

Sterling Financial Holdings Company Plc has announced its unaudited...

Topics

ITU Telecom World Awards to Recognise Excellence in ICT Innovation

Innovative ICT solutions with positive social impact will be...

‘Stop National Assembly Budget Secrecy’–BudgIT tells Saraki

That Nigeria’s National Assembly, an arm of government that...

Improving Digital Economy through AI and IoT

By Elvis Eromosele The world has gone digital. From the...

GEM-TECH Award Winners to be Unveiled on Nov 15 in Bangkok

ITU and UN Women will jointly announce the three...

BudgIT Tasks Buhari on N13tr Fuel Subsidy Corruption in 13 Years

To the detriment of socio-economic developments, Nigeria has spent...

Vodacom Nigeria Deploys Intelsat 35e Satellite to Improve Internet Connectivity in Nigeria

L-R:  Hans Geldenhuys, Managing Sales Director, Intelsat Africa and Lanre...

MAN Unveils Large Corporation Group to Boost Manufacturing in Nigeria

The Manufacturing Association of Nigeria has inaugurated its Large...

Olusegun Agbaje: Celebrating ‘African Banker of the Year 2012’

Mr. Olusegun Agbaje, Group Managing Director/CEO of Guaranty Trust...
spot_img

Related Articles

Popular Categories

spot_imgspot_img