The Edo State Government has promised to engage insurance brokers in the insurance and risk protection of its human and material assets.
According to a statement from the Nigerian Council of Registered Insurance Brokers on Sunday, the Edo State Governor, Adams Oshiomhole, said this at the chief executive officers’ retreat of the NCRIB in Benin City, Edo State.
The governor, who was represented by the Commissioner for Finance, John Inegbedion, 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 would change forthwith.
He implored the NCRIB and the entire insurance industry to accelerate the tempo of public awareness and engagement of all sectors of the Nigerian economy as obtainable 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 outlets.
He urged other players in the industry to emulate this approach in order to grow the industry.
The President, NCRIB, Mr. Ayodapo Shoderu, implored government institutions to patronise the insurance industry as a step towards protecting their assets.
He used the occasion to advise President Muhammadu Buhari to give premium attention to risk protection as the basis for wealth creation.
“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 basis; by so doing, reducing unemployment and accelerating national economic growth,” Shoderu 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 members.
According to the statement, the NCRIB delegation had earlier visited the Secretary to Edo State Government, Professor Julius Ihonvbere, in his office.
In his remark, Professor Ihonvbere stated that the burden created by flood and other related disasters should not be the responsibility of government, if the 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 grass roots.