NCRIB decries low patronage of insurance by government

THE Nigerian Council of Registered Insurance Brokers (NCRIB) has expressed concern over the government’s patronage of insurance, which it described as falling below expectations.

As part of the strategic initiatives of the current leadership of NCRIB under Prince Babatunde Oguntade, who led the NCRIB delegation to the Minister of Marine and Blue Economy, Mr. Gboyega Oyetola in Abuja to thank him for his past support to the Council and implored him to use his strategic position to further link insurance brokers with the government.

Prince Oguntade observed that the government’s knowledge about the roles of insurance was still low, noting that it takes the commitment of astute members and professionals like the Minister in top executive positions in government to redress the trend.

He assured that when engaged, the Council would continually seek ways to add value to the Ministry of Marine and Blue Economy through required advisory services in insurance and risk management.

The Minister while responding appreciated the visit and affirmed that he remained a proud member of the NCRIB and by extension, the insurance family, being one of the pioneer graduates of Insurance from the University of Lagos.

He assured the Council of greater support and promotion of the roles of the Broker amongst his contemporaries in government.

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