The Federal Government and its chief adviser on insurance, National Insurance Commission (NAICOM), are in talks to establish new guidelines for the insurance of government assets, its a new commitment that will set standards for insurance embrace by government.
The new embrace of insurance is being nurtured by the Secretary to Government of the Federation, Senator George Akume, who is already in talks with Commissioner For Insurance, Sunday Thomas. He added that the new government direction for insurance will come through come October at the National Insurance confab.
The CFI, Thomas disclosed this at the opening cocktail with Financial Journalists held at Ibom Icon Hotels & Golf Resort, Uyo, Akwa Ibom State.. He said the disposition of the Federal Government to insurance steaming early in the present administration is steps away from what it was and an excellent step in the right direction..
Thomas said the Government is firm on its new stand on insurance and is already nurturing with the Commission a strategic guideline that will serve as a blueprint for government new front on federal government insurance purchase that would be religiously followed by government Agencies and Departments.
“Since the new Government came in I have had course to see the SGF and we are working on the guideline for the insurances of government assets. They are taking it seriously. Besides, His Excellency the President Bola Ahmed Tinubu, established an insurance culture in Lagos when he was Governor, and until today except one Governor that ‘didn’t pay premium all the other Governors till date have paid premiums and followed the template that he put down for insurance. He is replicating that at the Federal level,” Thomas stated.
Insurance culture of the immediate past administration Thomas admitted was still encouraging. He underlines it, “Over the last three years, we have had a lot of encouragement also from government. If you tabulate what has come from government in terms of premium payment it has been on the upward swing. A lot has changed (positively).”