The Nigerian Insurers Association (NIA) implored the House Committee on Insurance and Actuarial Matters to back towards enacting the Consolidated Insurance Industry Bill.
During a meeting in Abuja, NIA Chairman Olusegun Omosehin advocated for the bill’s attention and passage.
“Enacting the Consolidated Insurance Industry Bill is pivotal for our industry’s growth,” stressed Omosehin. “We need your support to see this through.”
Expressing gratitude for the committee’s commitment, he highlighted the importance of coverage, enforcement of mandatory insurance laws, and safeguarding government assets. “Your support will ensure a more robust and protected industry,” he emphasized.
In response, Honorable Ahmed Jaha, Chairman of the House Committee, assured assistance to elevate the insurance sector.
“I’m committed to advancing insurance in our country. We’ll consolidate federal assets for better coverage and allocate necessary funds for their insurance,” pledged Jaha. “The passage of this bill is pivotal for industry growth.”
He emphasized the role of trust in the insurers’ practice and echoed the necessity of insurance for the nation’s economic stability.
“The economy thrives on insurance. We’re dedicated to seeing this bill through for the betterment of all,” affirmed Jaha.
The dialogue highlights the critical need for legislative backing to propel the insurance industry toward comprehensive growth and stability.