Insurance helms men have been lined up for the steering of SUPERNEWS Nigeria annual conference this year themed “Local Content & Digitisation: Building Synergy Between Oil & Gas and Insurance Sectors for Inclusive Growth” scheduled for at Oriental Hotel, Victoria Island, Lagos July 7, 2026. The Group Managing Director/CEO of Royal Exchange Plc, Mrs. Idu Okeahialam will deliver the keynote paper at the annual conference which is presently in its 4th edition.
The event is expected to attract regulators, operators, sectors’ chief executives, policymakers, civil society organisations, media practitioners, students, among other stakeholders. The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, has confirmed his participation as a Special Guest of Honour while the President, the Nigerian Council of Registered Insurance Brokers (NCRIB) Mrs. Ekeoma Ezeibe will equally grace the occasion.
Managing Director/CEO, Stanbic IBTC Insurance, Mr Akinjide Orimolade and the Managing Director/CEO Guinea Insurance Plc. Mr Ademola Abidogun are among guests already signed in to attend. Others include the MD/CEO Deepshores Energy Limited, Mrs Nneka Obi and Professor Olajide Fadun, of the Department of Insurance and Actuarial Science, University of Lagos.
Speaking on the rationale behind the choice of the conference theme, the Publisher of SUPERNEWS Nigeria and the convener of the event, Ngozi Onyeakusi, explained that the whole effort was geared providing insight on how both sectors can leverage technology-driven solutions to strengthen synergy, so as to overcome challenges associated with the implementation of Sections 49 and 50 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.
She noted that the provisions of Sections 49 and 50 of the Act mandates operators involved in oil and gas activities to ensure all insurable risks connected to their businesses are covered with insurance companies and brokers registered in Nigeria. The Act further stipulates that where an operator seeks to place an insurable risk offshore, a written approval of the National Insurance Commission (NAICOM) must first be sought and obtained and that NAICOM, prior to the issuance of the approval, must first determine that local capacity has been fully exhausted.
In a bid to smoothen the implementation and compliance to the Act, the Nigeria Content Development and Monitoring Board (NCDMB) and NAICOM in 2022 launched the relevant guidelines which was expected to address the loopholes that were identified in implementing the provisions of the Act, particularly, Sections 49 and 50
