Nigerian Economic Summit Group and the National Insurance Commission NAICOM have birthed a strategic initiative which comprises data sharing, financial inclusion expansion and the establishment of insurance working group within the NESG.
This came to fruition yesterday at the discussion with the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, when a delegation from the Nigerian Economic Summit Group (NESG) visited.
Mr. Omosehin not only called for collaboration which he noted was long overdue but also underscored the insurance sector’s critical role in Nigeria’s economic growth and development which he cleared has been reinforced by the enactment of the Nigeria Insurance Industry Reform Act (NIIRA) 2025, which consolidated outdated laws and introduced landmark reforms.
He reaffirmed the Commission’s commitment to protecting insurance consumers, ensuring transparency, and providing efficient insurance services that support Nigeria’s economic development. Both organizations agreed to continue working together to transform the insurance landscape and drive economic opportunities for Nigerians.”
