Government tasks insurance industry on prompt claims payment | The Guardian Nigeria News - Nigeria and World News

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The Minister of Finance, Budget and National Planning, Zainab Ahmed, and the Lagos State Governor, Babajide Sanwo-Olu, have advised underwriters in the country to pay claims promptly to retain public confidence.

This, they said, would help to sustain the industry’s drive to emerge as a major driver of economic growth. Speaking at the 50th anniversary of the Nigeria Insurers Association , Minister Ahmed, who was represented by the Permanent Secretary in the Ministry, Aliyu Ahmed, said the consolidated insurance bill currently before the National Assembly would redefine the insurance business and meet stakeholders’ expectations when signed into law.

Sanwo-Olu, who was represented by his Commissioner for Finance, Dr. Rabiu Olowo, congratulated the NIA on the milestone, noting that the body has lived up to expectations by maintaining standards in the industry. He urged the association to do more to sustain the momentum of growth, creativity and innovation recorded in the past 50 years.

 

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