Mariam Abeeb
The National Insurance Commission, NAICOM has seeks for partnership with the Nigerian Governors’ Forum, NGF to deepen Insurance penetration across the 36 states of the country.
The Commissioner for Insurance and Chief Executive of NAICOM , Mr. Olusegun Ayo Omosehin made this known during his visit to the Director General of the NGF Dr. Abdulateef Shittu in Abuja.
He stated that the key reason the Commission was at the NGF secretariat is to discuss how a coordinated approach can be adopted in working with the states and that the collaboration must start from engaging the NGF Secretariat as policy hub for the state Governors.
According to him, having been appointed recently, few months back, him and his team are trying to see how they can address some of the issues differently from the way it has been handled in the past in order to achieve a better result.
He mentioned that the Commission chose to start with the NGF, where NAICOM could have an engagement with the secretariat and share ideas.
He said that the culture of insurance can be deepened by getting the Nation as a whole to comply with some of the compulsory Insurances as provided in our Law.
The CFI stated the need for most of the Laws on compulsory insurances to be domesticated by the states sighting example with Lagos State.
He said that the fragmented approach in dealing with the states needs to be centralized and have all the states come on board especially with respect to motor third insurance and also to prevent revenue loss for the states in terms of IGR.
NAICOM boss stressed that there is also need for awareness creation across the states on the value of insurance.
He noted that at the Federal level these is been driven by Federal agencies but at the states level the Commission needs some high level of cooperation and collaboration.
The Director General during his welcome address informed NAICOM that the NGF has transformed into a policy hub for the state Governors and is serving as the Technical and administrative arm of the Forum.
He stated that the Forum consist of the 36 state Governors in the Federation while the Secretariat is the administrative arm and a resource center for the Forum that renders services and policy formulation.
The Director General appreciated the CFI and express optimism that the now that the Commission has reached out, he believed that the partnership can bring a lot of positivity on deepen insurance penetration in the country.
The NGF Secretariat and NAICOM agreed that a concept note should be submitted for their review and since a delivery room assessment has already been conducted, the ball shall be kicked to start rolling immediately and a joint Committee was set to deliver on the assignment at hand.
