LAGOS – The duos of The Ministry Of Youth Development and the National Insurance Commission (NAICOM), have forged a collaboration aimed at integrating one million youths into the national insurance programme.
The two government agencies over the weekend signed a Memorandum of Understanding (Mou) to train one million youths in Insurance Programme and expand career opportunities in sector.
The signed a Memorandum of Understanding indicates that the two government owned agencies would train one million youths in the country in conjunction with the Chartered Insurance Institute of Nigeria (CIIN).
The programme tagged “One Million Youths in Insurance” is in line with the project of President Bola Ahmed Tinubu to create more jobs and empower the youths.
The programme is aimed to sensitise Nigerian Youths with knowledge and best practices to be able to participate in Insurance, boost youth entrepreneurship by offering financial protection and peace of mind, creates employment across the 774 Local Government Areas.
This will also provide another channel of opportunities for our youths, promote insurance awareness on social media, other platforms and boost the insurance industry in Nigeria with impact across other sectors and accelerating Nigeria’s Financial Inclusion mandate.
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The Commissioner in his remark thanked Comrade Ayodele Olawande the Minister of State for Youths for his commitment towards the project and expressed his appreciation to all parties involved in the project believing that the project will be a clear win for the youths of our dear Nation.
The Hon. Minister expressed his delight for the signing of the MoU, making reference on signing a similar MoU with the Nigerian Data Protection (NDPC) to train Nigerian Youths in data protection and privacy.
He went further to say that, the future of Nigeria rests on the shoulder of the youths who make up over 60 percent of our population adding that Insurance which is critical to the economy of any growing Nation like Nigeria has been underutilised.
The Minister believes that this partnership with NAICOM, Nigerian youths will be sensitized to know the importance of insurance, foster entrepreneurship, and create employment opportunities across all 774 local government areas of the country.
The meeting came to a close with the official signing of the MOU by the Hon. Minister of State for Youth Development, the Commissioner for Insurance and the Chartered Insurance Institute of Nigeria.
In another vein, the Executive Management of the National Insurance Commission led by Mr. Olusegun Ayo Omosehin, the Commissioner for Insurance paid a working visit to Mr. Adegboyega Oyetola, the Hon. Minister of Marine & Blue Economy in his Office in Abuja recently.
The meeting discussed collaboration between the Commission and the Ministry of Marine and Blue Economy. Some of the areas for collaboration include creating a portal for verification of Marine insurance policies and exploring options in the Cabotage Act to ensure compliance with insurance requirements.
