Saturday, 14 November 2015

Ogun To Collaborate With Insurance Brokers Council


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Gov Ibikunle Amosun


The Ogun State Government is set to collaborate with the Nigerian Council of Registered Insurance Brokers (NCRIB) in the area of disaster management and enforcement of law on insurance of public buildings.
The State Commissioner for Finance, Mr. Adewale Oshinowo disclosed this during a courtesy visit by a delegation from the Nigerian Council of Registered Insurance Brokers to his office in Abeokuta.

Oshinowo said collaborating with Insurance Brokers who were the professionals in the area of taking risks in case of unexpected would enable the State concentrate on its resources and other challenging sectors, thereby relieving the economy of the State.

He said that despite the dwindling economic situation in the country, the State Government would continue to put in place necessary palliative measures to give relieve to its citizens.
 “This is an awakening time to collaborate with each other, when people appreciate a bail out in case of negative happenings so that they can have a second way out” he said.
Earlier in his address, the President of the Council who also doubled as the leader of the delegation, Mr. Kayode Okunoren pointed out that for any nation to develop economically, insurance should be accorded a pride of place.
 “No nation can have sustainable economic development by making insurance its last consideration” he said.
According to him, funds from insurance constitute a large percentage of investible reserves of most progressive nations apart from guaranteeing peace of mind which was germane to progress.
Okunoren regretted that the law on insurance of public buildings that was promulgated to protect citizens against losses was not adhered to by most states.
He therefore solicited for the support of the State Government in the area of compliance with law enforcing insurance on public buildings and disaster management.

Gbenga Dan Asabe

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