The Vice President, Professor Yemi Osinbajo has endorsed insurance for Nigerians to embrace. He was unambiguous: “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.”
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.
The Vice President also endorsed insurance brokers as the rallying point for insurance influence because of their roles in the insurance value chain and economy. In addition, he said the federal government is committed to accelerate insurance awareness and growth.
Speaking earlier, the President of the Council, Mrs. Onigbogi commended the Federal Government for releasing N9.2bn for group life for federal government employees. She also wants government policy directing ministries, departments and agencies (MDAs) adopt insurance as a yearly prudential financial strategy.
Onigbogi said the NCRIB is satisfied with the progress already made in the 2020 insurance bill at the National Assembly and the contribution made by the Brokers Council to the delight of all stakeholders