Vice-President calls on institutions, Nigerians to patronise registered brokers

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By Favour Nnabugwu

The Vice President, Professor Yemi Osinbajo has called on institutions in the country to engage services of registered insurance brokers to ensure safety of their assets

Osinbajo gave 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 yestetday

The Vice- President 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”

He 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 ongoing 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.

In her speech, 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 stated that significant progress was already being made in the passage of the 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.

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