New NCRIB President To Partner States On Insurance Growth

The newly  president of the Nigerian Council of Registered Insurance Brokers(NCRIB), Mr Babatunde Oguntade, has promised to entrench ethics and professionalism to enhance insurance brokerage in the country. 

This is even as he vowed to partner state governments on deepening insurance in the country.

In his inaugural speech at his investiture as the 22nd president of the NCRIB in Ikeja, Lagos recently,, he listed professionalism and partnership with states as some of his 8-point agenda to grow and develop insurance profession.

According to him, “ It is no longer news that the hallmark of all professions is the continuous acquisition of knowledge and in fact openness to new and evolving knowledge. In this regard, the Insurance Broking profession can definitely not be an exception. This tenure would open channels of training for members both within and outside the country while reinforcing ties with already existing institutions in Nigeria and internationally.” 

Promising strategic government and institutional relations, he disclosed that his council has recorded phenomenal feats in strategic government relations under the immediate administration that saw doors in government houses, palaces and renowned institutions opened for the NCRIB. 

However, since the largest room in life is the room of improvement, this tenure would deliberately open new vistas of qualitative relationship with more government institutions and other relevant institutions in Nigeria and diaspora with a view to registering the brand “Insurance Brokers” in their consciousness as valuable allies within the Insurance industry.

Promising to embark on compilation of all government institutions and make deliberate efforts to partner them through training and sustainable knowledge sharing, he said, he will open new vistas of qualitative relationship with more government institutions and other relevant institutions in Nigeria and diaspora with a view to registering the brand ‘Insurance Brokers’ in their consciousness as valuable allies within the insurance industry.

I’m mentoring, he said: “It is the intention of my team to ensure that the Insurance Broking body grows and members are seen to be making evident improvement in their businesses and one of the ways we have decided to achieve that is the deliberate mentoring of the younger generation of Insurance Brokers. 

“As it is often said that image is everything, the current leadership team would sustain the corporate visibility initiatives of the Council. In doing this, we shall tweak strategies for identifying, collaborating and communicating with more corporate institutions outside the remit of those that had been contacted in the past.”

He promised to develop the council’s secretariat, enhance international collaboration and revisit plans for NCRIB.Meanwhile, Oyedele said, Nigeria is planning to introduce new foreign exchange rules, including a crackdown on illegal currency trading that it hopes will result in the naira closing its more-than-45 per cent gap with the unofficial rate and reaching a “fair price” by year-end.

The government plans to clear a backlog of dollar demand estimated at about $6.7 billion, bolster the naira forward market, and set transparent rules for the operations of the official market.