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Insurance industry pledges to propel Nigeria towards $1trillion economy by 2030

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The Nation Newspaper Insurance industry pledges to propel Nigeria towards $1trillion economy by 2030

The recently appointed Commissioner for Insurance, Olusegun Ayo Omosehin, has outlined a bold vision for the insurance industry that aligns with President Bola Tinubu’s goal of propelling Nigeria towards a $1 trillion economy by 2030.

Omosehin stressed that President Tinubu wants Nigeria’s economy to reach $1 trillion by 2030, with a big part of that coming from the insurance industry. “We are committed to exercising utmost probity in ensuring a safe sound and stable insurance sector while protecting policyholders, and public interests as well as improving trust and confidence in the Nigerian insurance sector,” Omosehin affirmed.

In his address, outgone Commissioner for Insurance, Olorundare Sunday Thomas highlighted the achievements during his tenure, including automation initiatives and strategic partnerships such as across Africa. He also lauded the establishment of the College of Insurance Supervisors, facilitating seamless interaction across West African borders and averting regulatory disputes.

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