LCCI wants new synergy with FG on Insurance Growth

The Chairman, Insurance Trade Group of the Lagos Chamber of Commerce and Industries, Mr. Gboyega Olanbiwoninu, has said that the group would seek strategic alliance with the government to foster the growth of the insurance sector.

He said this while delivering his inaugural speech in Lagos, which was attended by representatives of different sectors of the economy.

Olanbiwoninu said, β€œIt is an established norm that people would naturally gravitate to where they could get value, and this would be our strategic thrust. Also, we shall, under my leadership, focus on strategic alliance with government.”

The new chairman said it was a thing of concern that in spite of the huge potential inherent in the Nigerian insurance industry the recognition and acceptance accorded the industry had been abysmally low.

He said the insurance group of the LCCI was positioned to add value through strategic partnership and active collaboration with other 23 sectorial groups of the LCCI with over 2000 members.

For ease of bespoke insurance solution to the sectorial group, he said it had categorised the 23 sectorial groups into six segments.

He said the first segment included agriculture, mining, real estate, educational and printing.

Olanbiwoninu said he realised that the task ahead of him was herculean but that he would continually count on the support of the management of the chamber and other operators in pursuing ingenious, innovative and development strategies to expand membership of the group and create value for insurance operators.


Source: Punch