Economy & Politics
December 21, 2020
Why States in Nigeria Should Establish Insurance Commissions - Ekerete Ola-Gam Ikon
This edition of the "Economy and Politics" show anchored by Ottoabasi Abasiekong features Mr. Ekerete Ola Gam-Ikon an insurance expert and management consultant, who provided insight on "Repositioning Nigeria's Insurance Industry for Global Competitiveness".

He made a case for the 36 states across the country to establish Insurance Commissions, that will help deepen the industry, increase adoption and boost the penetration & contribution level to the economy. The expert decried the fact that Insurance is still not recognized as a tool for economic development in Nigeria. 

According to him Nigeria's Insurance Capital base is the highest in Africa but remains challenged with a low penetration. He called on the State Legislature to take up the role of providing laws that back up Insurance Commissions like there are ongoing plans for the Pension industry.

Watch Video Courtesy WebTVNG

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