STI boss charges young entrepreneurs to embrace insurance culture

Olaotan Soyinka, managing director/CEO of Sovereign Trust Insurance has urged young entrepreneurs to embrace the culture of insurance to guarantee safety and sustainability of their business. According to him, this has become more pressing at this time of economic recession when asset replacement would be more expensive and even impossible if adequate preparations were not made.

While giving this remark at the 6th International Christian Business Exhibition and Conference held in Port Harcourt, Rivers State, the managing director said that the young and upcoming entrepreneurs in the country, regardless of their religious backgrounds and denominations, will help put the economic wheel of the country in a working and stable condition.

Olaotan said ‘entrepreneurship is devoid of religious affiliations; rather, it must be based on sound business ethics and practice.’ He appealed to the young entrepreneurs at the conference to see insurance as a very integral part of their business as it is the only assurance to the sustainability of their wealth creation.

In his words, “Nigeria is highly blessed with so much natural and human resources which has translated to a lot of wealth creation in the form of businesses and commercial activities that we see around us in the country today but the big question is how many of these businesses have that continuity and longevity elements that insurance provide.”

He asserted that there are enormous advantages in embracing insurance and making it a way of life, and one can never go wrong with it.

Soyinka commended the efforts of the organisers of the Exhibition in ensuring that the spirit of entrepreneurship thrives among youths in the country. He called on all other well-meaning organisations and individuals in the country to continue to support home-grown businesses as a way of stimulating the Nigerian economy especially at this time of our receding economy.

He took the opportunity to intimate participants at the Exhibition with some of the products and services they can get from Sovereign Trust Insurance Plc, which included but not limited to Motor Vehicle Insurance, (third party or comprehensive), Builders’ Liability Insurance for buildings under construction, Employer’s liability Insurance and Medical professional liability Insurance to mention a few.

He further stated that Nigerians do not need to be compelled to do what will add value to their lives, rather they should cultivate a proactive culture of sustaining their wealth and business concerns through a consistent insurance culture.

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