• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Gov’t Launches Plan To Protect Uninsured Nigerians

by Jonathan Nda-Isaiah
9 months ago
in News
insurance
Share on WhatsAppShare on FacebookShare on XTelegram

The Federal Government has initiated a strategy to provide financial protection for millions of Nigerians who are currently without insurance coverage.

Advertisement

The initiative, which marks the first major implementation phase of the recently signed Aso Accord, brings together the nation’s top financial and insurance regulators in a collaboration to transform Nigeria’s insurance landscape.

Speaking at a roundtable meeting on Tuesday, Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hassan Hadejia, in a statement by the spokesman of the vice president, Stanley Nkwocha, said outcomes of the roundtable will be presented to the National Economic Council (NEC).

“This marks the first time insurance is being formally recognised as a critical financial service in Nigeria’s economic framework,” he stated.

Senator Hadejia explained that financial inclusion through insurance is an economic imperative, saying, “We cannot build a resilient economy while leaving millions of our citizens financially exposed.

RELATED

August 1: Police Insist On Right To Request Protesters’ Details

Police Arrest 5,488, Rescue 170 Kidnap Victims In 2 Months

57 minutes ago
Police Recover Body Of Murdered Photojournalist In Kogi

Police Recover Body Of Murdered Photojournalist In Kogi

2 hours ago

“Financial inclusion, particularly through insurance access, serves as the crucial driver that will propel Nigeria toward sustainable economic growth,” he added.

Earlier, Deputy Commissioner Technical at the National Insurance Commission (NAICOM), Dr. Jankara Usman, outlined the transformative potential of the initiative for Nigeria.

He said, “Through inclusive insurance, we can provide tailored, affordable products that promote financial readiness and advance social well-being.”

Dr Usman quoted a World Bank data that paints a stark picture of financial vulnerability in the region, revealing that only two out of five adults in sub-Saharan Africa can raise $35 within 30 days.

“In Nigeria, insurance penetration remains at a concerning 3.3%, significantly below global standards,” he said.

In his remarks, Technical Advisor to the President on Economic and Financial Inclusion, Dr. Nurudeen Zauro, said the meeting demonstrated President Bola Tinubu’s administration’s commitment to the insurance sector.

He explained that the government has established a monitoring framework to ensure effective implementation of the decisions made during the roundtable, with a specific focus on forming specialised committees for financial control, developing risk management programmes for smallholder farmers, fostering public-private partnerships, strengthening inter-agency collaboration and simplifying processes for innovative insurance products.

The roundtable produced several innovative proposals aimed at expanding insurance access, including enabling insurance purchases through mobile phone airtime, development of specialised micro-insurance products for low-income segments, integration of blockchain technology for insurance delivery and creation of digital platforms specifically for agricultural insurance coverage

The initiative has garnered widespread support from major institutions, including the Nigeria Insurance Association (NIA), National Health Insurance Authority (NHIA), Central Bank of Nigeria (CBN), and various other regulatory bodies.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

PICTORIAL: Voters Head To Polling Centres On US Election Day

Next Post

Aiyedatiwa Signs N96bn 2024 Supplementary Budget Into Law

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

August 1: Police Insist On Right To Request Protesters’ Details
News

Police Arrest 5,488, Rescue 170 Kidnap Victims In 2 Months

2025/07/29
Police Recover Body Of Murdered Photojournalist In Kogi
News

Police Recover Body Of Murdered Photojournalist In Kogi

2025/07/29
Saraki Tells Supporters To Stay Away From ADC
News

Saraki Tells Supporters To Stay Away From ADC

2025/07/29
Lawmakers Permitting Hard Drug Use In Homes, Offices  – Kawu
News

Audit Report: Senate Gives NNPC 3 Weeks To Answer Queries On N210trn

2025/07/29
Ogun Gov’t Warns Violators, Vows To Enforce Anti-Open Grazing Law
News

Ogun Gov’t Warns Violators, Vows To Enforce Anti-Open Grazing Law

2025/07/29
Kaduna Gov Sacks Info Commissioner, Names Maiyaki As Replacement
News

Kaduna Gov Sacks Info Commissioner, Names Maiyaki As Replacement

2025/07/29
Leadership Conference advertisement

LATEST

Police Arrest 5,488, Rescue 170 Kidnap Victims In 2 Months

Police Recover Body Of Murdered Photojournalist In Kogi

Saraki Tells Supporters To Stay Away From ADC

Audit Report: Senate Gives NNPC 3 Weeks To Answer Queries On N210trn

Ogun Gov’t Warns Violators, Vows To Enforce Anti-Open Grazing Law

Kaduna Gov Sacks Info Commissioner, Names Maiyaki As Replacement

ASUU Awards Scholarships To 7 ATBU Indigent Students

NiDCOM Boss Calls For Calm Over Ghanaians’ Protest Against Nigerians

Group Kicks Over Inclusion Of Urhobo Land In Tantita Pipeline Surveillance Contract

Stray Elephant Kills Middle-aged Farmer In Ogun

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.