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Insurance House Committee Ramps Up Support For Insurance Legislation

Nwanne Ikemefune by Nwanne Ikemefune
November 1, 2023
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Insurance mode in the House of Representatives is set to change positively following the support pledged by the Chairman, House Committee on Insurance and Actuarial Matters, Hon Ahmed Joda in Abuja when the leadership of the Nigerian Insurers Association (NIA) paid a courtesy visit .

The Chairman of NIA Olusegun Omosehin, who led the delegation to felicitates with the Committee Chairman of the 10th Assembly and used the avenue to appreciate him for his commitments toward the growth and development of insurance industry.

The NIA Chairman who craved supports especially in ensuring that the Insurance Industry Bill is eventually passed also sought a robust collaboration and support on areas that affect the insurance industry whilst seeking enforcement of compulsory insurance laws and insurances of all government assets.

Hon. Jaha, while commending the NIA executive for the visit, assured them of his support towards making insurance take its rightful place in the country.

He promised to ensure all federal assets are consolidated for easy insurance coverage and that he would would work assiduously to see that adequate budgetary provisions are made for insurances of all government’s assets.

He also pledged commitments toward the passing of the Consolidated Insurance Industry Bill, stressing that the passage of the Bill into an Act would help facilitate the growth of the insurance industry.

He implored the insurers to sustain their core of practice which hinges on trust, adding that the economy needs insurance to thrive, hence the role of insurance practitioners is important in the journey of the country to lofty heights.

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