The Nigerian Insurers Association has called on the National Insurance Commission to implement the industry’s 10-year developmental plan before the end of the second quarter of the year.The Nigerian Insurers Association has called on the National Insurance Commission to implement the industry’s 10-year developmental plan before the end of the second quarter of the year.
The delay in passing the bill has been a major concern in the industry and it is pulling the plug on efforts to implement risk-based capital , a recapitalisation model that allows insurance operators to take risks based on the size of their capital. He stressed the need for initiating the implementation of the 10-year strategic plan and finalising the consolidated insurance bill.
The House of Representatives Committee on Industry has highlighted a pressing push for policy reforms and increased budgetary allocations for financial support across various critical sectors, primarily focusing on the industrial and energy sectors to bolster economic growth and regional stability. FBNQuest Merchant Bank has reported a 43.1 per cent financial growth in gross earnings, totalling N35.5 billion for the 2023 financial year.
The National Union of Electricity Employees has called on the National Assembly and Nigerians to resist the planned unbundling of the Transmission Company of Nigeria by the Nigerian Electricity Regulatory Commission to save the nation from the imminent collapse of the power sector and avoid putting the nation’s security in danger.