NAICOM- Business Operators Should Grow Long-Term Funds

The managing director of Infrastructure Bank Plc, Mr Adekunle Abdulrazag Oyinloye said in his speech that government should intervene in the reviewing and better implementation of Insurance Act 2003.

The National Insurance Commission (NIACOM) ACT 1997 are possible actions to ensure optimal operation of the insurance industry.


At the 2018 Insurance Brokers Conference and Exhibition recently held in Lagos themed “Insurance Industry: Survive, thrive” Mr Adekunle Oyinloye called on NIACOM to enforce compulsory insurances to boost the industry’s long-term funds.

Hinting on the enormous opportunities in the infrastructural industry, Oyinloye called out government on their role in ensuring the insurance industry’s long-term funds.

He further explained that with the long-term nature of life insurance, pension annuities and retirement savings, the industry is in a better position to participate in infrastructural financing of Private Public Partnership (PPP) projects.

He also said that the insurance sector is an efficient component of financial ecosystem.

Avatar
360APROKO
Champion of Online News

LATEST POSTS

Supreme Court upholds Governor Fayemi’s election

The Supreme Court on Friday upheld Governor Kayode Fayemi’s election as the governor of Ekiti...

Church in the UK evicts Nigerian family of 5 from its property where they lived rent-free since 2016

A family of Nigerian asylum seekers have been evicted from a Christian church after living...

‘I inherited a failed state’ – Governor Ibikunle Amosun

The out-going governor of Ogun State, Ibikunle Amosun says that Gbenga Daniel, his predecessor, handed over...

Four suspected internet fraudsters arrested in Lekki (photo)

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, has arrested four suspected fraudsters...
Vanessa Lawson
I love everything writing and informative, it lightens my soul.

Share this post

Most popular this week