The match to stir Nigerians towards the vision for a trillion dollar economy is assembling a steady strove of workshops and the Annual Conference of the Nigerian Association of Insurance And Pension Editors (NAIPE) is on set to have it as its theme for the 9th 2024:“Towards A $1 Trillion Economy: Roles of Insurance And Pension Sectors” hold on October 8, 2024 at the Oriental Hotel, Lekki-Ajah Expressway, Victoria Island, Lagos, by 9am.
The confab will be Chaired by the former Commissioner for Insurance, National Insurance Commission and currently the Managing Director/CEO, FBS Reinsurance Limited, Mr. Fola Daniel. The Keynote Speech will be delivered by the Managing Director/Chief Economist of the Analysts Data Services and Resources, Dr. Afolabi Olowookere.
The event will bring together stakeholders in the insurance and pension sectors to discuss their contribution to the $1 Trillion Economy benchmark by the present administration for achievement before 2026.
Nigerian President, Bola Ahmed Tinubu, while attending the 29th Session of the Nigerian Economic Summit Group (NESG) from October 23 – 24, 2023, promised to grow the nation’s Gross Domestic Product (GDP) to $1 trillion by 2026.
Presently the main drivers of the economy are crude oil with the traditional lead, with agriculture, services and manufacturing contributing. As the country diversifies to meet the set target, there will be opportunities thrown up, therefore the insurance and pension sectors must be ready to take advantage of those opportunities.
Mr. Fola Daniel an astute professional is known in the insurance and pension sectors. The Keynote Speaker, Afolabi Olowookere, was the Head, the Economic Research and Policy Management Division of the Securities and Exchange Commission, Nigeria. Before joining the Commission, he was at various times a Research Economist at the World Bank, Head of Economic Research and Publications at Financial Derivatives Company (FDC), Post-Doctoral Research Fellow at the Centre for Econometrics and Allied Research, Department of Economics, University of Ibadan, and an Associate Lecturer.
Commenting on the theme of the conference, NAIPE Chairperson, Mrs Nkechi Naeche-Esezobor, said the theme of the conference was carefully chosen to draw the attention of the operators of two sectors to the realities on ground and the need for them to make a difference and remain relevance in the scheme of things.
Esezobor noted that not less than 250 stakeholders from the insurance, pension, finance and trade industries would attend the conference. She hinted that the Special Guests of Honour for the Conference will be the newly appointed Commissioner For Insurance/CEO, NAICOM, Mr. Olusegun Omosehin and the Director-General of the National Pension Commission (PenCom), Mrs Omolola Bridget Oloworaran.
