NCRIB targets national poverty reduction through insurance

With almost 87 million Nigerians reportedly living in extreme poverty, the Nigerian Council of Registered Insurance Brokers (NCRIB) has advocated Insurance as a veritable antidote to the spread of poverty and enhancer of grassroots development.

Shola Tinubu, president and chairman of Council in a statement made available to Journalists expressed displeasure at the recent report by the United Nations Sustainable Development Goal (SDG), which expressed doubts that the mission of ending poverty in the country 2030 was doubtful.

According to him, the SDG report was a wakeup call to the Nigerian government to engage the instrumentality of Insurance, which is the transfer of risks, like other nations of the world to stem poverty growth and give room for holistic grassroots development.

Tinubu regretted the government’s attitude towards insurance, stressing that at a time like this, one of the practical ways to tackle poverty headlong was to engage and encourage insurance as a vehicle for risk management and wealth creation.

In order to give vent to the place of insurance in combating poverty, the Council would be rallying professionals at its 2018 National Insurance Brokers Conference and Exhibition to address the theme: “Insurance Industry: Survive, Thrive” and Grassroots Development and  Poverty Alleviation: Insurance as an Alternative”.

The Conference which is billed to hold in Lagos on Thursday is one of the largest gathering of Insurance professionals in Nigeria and will be preceded by the Annual General Meeting of the Council which is strictly exclusive to members of the Nigerian Council of Registered Insurance Brokers (NCRIB).

AdekunleOyinloye, managing director, Infrastructure Bank Plc  will deliver the theme paper titled: “Insurance Industry: Survive, Thrive”, while the sub theme: “Grassroots Development and Poverty Alleviation: Insurance Alternative”, will be delivered by the President of National Association of Chamber of Commerce and Industry, Mines and Agriculture (NACCIMA), IyalodeAlaba Lawson.

The Conference is open to all, as past editions had often attracted a good number of professionals from the insurance industry, the organized private sector, government and international delegates.

The Council is hopeful that this year’s Conference would achieve the desired intention of having penetrative insights and input from other critical sectors outside the industry for its growth and desired sustainable development.

 Modestus Anaesoronye