Edo to partner brokers on risk protection



THE Edo State government has promised the engagement of insurance brokers in the insurance and risk protection of its human and material assets.

Making this promise was the Edo state Governor, Comrade Adams Oshiomhole at the 2015 Chief Executive Officers’ Retreat of the Nigerian Council of Registered Insurance Brokers (NCRIB), held in Benin City, Edo State.

Speaking through the Commissioner for Finance, Barrister John Inegbedion, the governor said that poor awareness about the value of insurance had militated against the engagement of insurance by government in the past, noting that the trend could change forthwith.

He implored the NCRIB and the entire insurance industry to accelerate the tempo of public awareness and strategis engagement of all sectors of the Nigerian economy as it obtains in developed countries of the world.

Oshiomhole applauded the efforts of the NCRIB in widening the horizon of the insurance awareness in the country through its various outreaches to government institutions and individuals and urged other players in the industry to emulate this approach in order to grow the industry.

In his earlier remark, the President of the Council, Mr. Ayodapo Shoderu had implored government institutions to patronize the insurance industry as a step towards protecting their risks and lamented their poor attitude for risk identifications and protection.

He used the occasion to advise the new government under President Mohammadu Buhari to give premium attention to risk protection as bases for wealth creation in order to make a desire of the government to create wealth for Nigerians realizable.

“If given adequate support as in other climes, the insurance industry in Nigeria has the capability of creating no fewer than 5,000 jobs on a yearly bases, by so doing, reducing unemployment and accelerating national ecohoderu said.

The NCRIB President disclosed that the yearly CEOs’ Retreat of the Council was being held to sharpen the skills of members and create an avenue for interaction among its memberships. The NCRIB delegation had earlier visited the Secretary to Edo State Government, Professor Julius Ihonvbere in his office.

In his remark, Professor Ihonvbere noted that the burden created by flood and other related disasters should not be the responsibility of government, if acquisition of insurance policies had been properly embedded in the minds of the people.

He also lamented the poor awareness of insurance and its benefits among the grassroots that formulate the chunk of the national population

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