• About Us
  • Privacy Policy
No Result
View All Result
Express Day
  • Home
  • NEWS
    • Politics
    • Health
    • Education
    • Crime
    • Judiciary
    • Environment
    • Science & Technology
  • BUSINESS
    • Finance
    • Insurance
    • Agriculture
    • Aviation
    • Energy
    • ICT
    • Maritime & Transport
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS
Express Day
No Result
View All Result
Home BUSINESS

Optimise FG’s diversification efforts to expand your operations, Buhari advises insurance firms

ExpressDay by ExpressDay
September 6, 2021
in BUSINESS, Insurance, NEWS, TOP STORIES
0
I don’t want to leave Aso Rock a failure, Buhari tells security chiefs
0
SHARES
33
VIEWS
Share on FacebookShare on Twitter

President Muhammadu Buhari Monday in Abuja urged insurance firms in Nigeria to take advantage of ongoing efforts by the Federal Government to grow non-oil sector of the economy through innovation, commending their role in encouraging medical practitioners to tackle spread of COVID-19.

Speaking virtually at the opening ceremony of the 47th African Insurance Organization (AIO) Conference and Annual General Assembly, the President said the Insurance sector would play a vital role in the diversification of the economy by bringing “necessary stability, economic sustainability, revenue generation, job creation and financial inclusiveness.’’

“There is a great future for the Insurance industry in Africa. We only need to put the right mechanism in place for it to thrive. I assure you that this administration has and will continue to support Insurance growth in Nigeria and Africa at large.

“I commend the leadership of the AIO for the resilience, foresight and perseverance in ensuring that the African Insurance market strives to meet its expectations in the global market notwithstanding the prevailing challenges,’’ he said.

President Buhari said the theme of the conference, “Rebuilding Africa’s Economy: An Insurance Perspective”, was apt and well thought out to respond to the reality of the moment as many governments try to devise ingenious ways to manage their economy in the aftermath of the COVID-19 pandemic.

“The pandemic has indeed changed many perspectives that have forced leaders across the globe to think hard for remedies.

“I want to assure you that we in Nigeria are doing everything humanly possible to ensure coordinated approach to the pandemic and reaching out to other African leaders on possible best options to fully revive the African economy in which I strongly believe the Insurance industry has a vital role to play,’’ he stated.

The President noted that the COVID-19 pandemic presented a global challenge which led to lockdown of many countries, travel restrictions, and issuance of many health protocols, affecting all human, social and economic interactions that made hosting of the Conference impossible in 2020.

“COVID-19 is still a serious challenge in many countries across the globe. However, adequate protocols have been put in place to curb its spread and vaccination is in progress.

“We understand as a government and nation the need to frontally tackle some of the disruptions to our social, economic and health occasioned by the pandemic by putting in place sufficient measures that allow the system to function.

“I once again use this opportunity to commend the Nigerian Insurance industry for identifying with the government through the provision of life insurance set of packages for frontline medical and paramedical personnel in the course of this fight. Your support and solidarity in these times are highly appreciated,’’ he added.

In her remarks, the Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed, said the foresight of the founders of the AIO deserved commendation as it had fostered African integration agenda and how best to collectively address shortcomings.

The Minister urged the Insurance sector to design their products around the needs of society, especially for low income earners, noting that greater impact on development would only be possible by looking at the African peculiarity.

The President of AIO, Mrs Delphine Traore, who is also the Chief Operations Officer, Alliance Africa, said the conference was last held in Nigeria in year 2000, assuring that innovation in the sector would help in complementing government efforts in development.

Previous Post

Pastor’s wife, 2 daughters, kidnapped in FCT community

Next Post

Umahi prays for another President like Buhari in 2023

ExpressDay

ExpressDay

Next Post
Umahi prays for another President like Buhari in 2023

Umahi prays for another President like Buhari in 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
Osunbor declares interest in Edo guber race

Osunbor declares interest in Edo guber race

May 5, 2023
Between Hadiza’s “Stepping on Toes” and Impunity: Revisiting the BUA Saga

Between Hadiza’s “Stepping on Toes” and Impunity: Revisiting the BUA Saga

May 4, 2023
GSS Owerri Old Boys endow Maths Award, celebrate 25th anniversary

GSS Owerri Old Boys endow Maths Award, celebrate 25th anniversary

December 31, 2021
I won’t resign, Ngige dares APC over directive to presidential aspirants

FG to deduct at source MDAs’ 1% workers compensation contributions to NSITF

May 15, 2023
Election Security: FG urges Nigerians to install N-Alerts App on their phones

Presidential Inauguration: FG declares Monday public holiday

May 26, 2023
Buhari conducts Tinubu round  Presidential Villa on familiarisation tour

Buhari conducts Tinubu round  Presidential Villa on familiarisation tour

May 26, 2023
May 29th: Buhari directs Osinbajo, political appointees to declare assets

May 29th: Buhari directs Osinbajo, political appointees to declare assets

May 26, 2023
Handover: Osinbajo shows Shettima round Aso Rock’s VP wing

Handover: Osinbajo shows Shettima round Aso Rock’s VP wing

May 26, 2023

Recent News

Election Security: FG urges Nigerians to install N-Alerts App on their phones

Presidential Inauguration: FG declares Monday public holiday

May 26, 2023
Buhari conducts Tinubu round  Presidential Villa on familiarisation tour

Buhari conducts Tinubu round  Presidential Villa on familiarisation tour

May 26, 2023
May 29th: Buhari directs Osinbajo, political appointees to declare assets

May 29th: Buhari directs Osinbajo, political appointees to declare assets

May 26, 2023
Handover: Osinbajo shows Shettima round Aso Rock’s VP wing

Handover: Osinbajo shows Shettima round Aso Rock’s VP wing

May 26, 2023

Follow Us

Browse by Category

  • Agriculture
  • Aviation
  • BUSINESS
  • Crime
  • Economy
  • Education
  • Energy
  • ENTERTAINMENT & ARTS
  • Environment
  • Feature
  • Finance
  • FOREIGN
  • Health
  • ICT
  • Insurance
  • INTERVIEW
  • INVESTIGATIONS
  • Judiciary
  • Maritime & Transport
  • Metro
  • NEWS
  • Oil and Gas
  • OPINION
  • PHOTO NEWS
  • Politics
  • Science & Technology
  • Security
  • SPORTS
  • TOP STORIES
  • Tourism

Recent News

Election Security: FG urges Nigerians to install N-Alerts App on their phones

Presidential Inauguration: FG declares Monday public holiday

May 26, 2023
Buhari conducts Tinubu round  Presidential Villa on familiarisation tour

Buhari conducts Tinubu round  Presidential Villa on familiarisation tour

May 26, 2023
  • About Us
  • Privacy Policy

© 2022 Express Day

No Result
View All Result
  • Home
  • NEWS
  • BUSINESS
  • INVESTIGATIONS
  • ENTERTAINMENT & ARTS
  • SPORTS

© 2022 Express Day