His Excellencies: Abdullahi Umar Ganduje, Kano State Governor; Godwin Nogheghase Obaseki, Edo State Governor and Aminu Bello Masar, Katsina State Governor
By Favour Nnabugwu
Two States have embraced insurance as part of the state budget for 2023 even as one other state enforced third party insurance in major routes of the state following National Insurance Commission, Naicom market development visits to states
The two state included insurance in their 2023 budget are Katsina and Kano whilst Edo State follow through with third party insurance
Deputy Director, Communication and Market Development, Mr AbdulRasaaq Salami made the disclosure at the recent seminar the Commission organised for insurance Correspondents in Lagos.
“Katsina and Kano have included insurance in their 2923 state budget. Edo State has began the third insurance in major routes of the state since November 1, 2022”
So, we want to spread insurance education all over the country. We visited Katsina twice. On our first visit, the Governor was sincere that he was hearing insurance takaful for the very first time.
On our second visit, we had a fuller engagement involving the grand khadi, emirs and all the rest of the influencers and we taught the gathering about takaful. They researched about it and showed them where the takaful was talked about in Quran.
According to him, “Insurance education remains a very critical issue, especially now that a lot of states, especially in the north, were outside the insurance net”
“We will visit all the states of the country because the insurance business is an integral part of the economy,” he noted.
During Naicom’s visit to Katsina, the Governor of Katsina State Aminu Bello Masari and his Deputy Mannir Yakubu inaugurated Technical Committee on the Sensitisation/Implementation of Compulsory Insurances and Takaful in the state.
The Governor, Aminu Masari while inaugurating the Technical Committee noted that the initiative to introduce Takaful insurance is a welcome development and will serve as an alternative especially to attract people of the state who are left out due to religious or cultural barriers.
He assured the insurance regulator of the Katsina State Government’s full support in the development of insurance in the State.