Lagos Seeks Partnership With NAICOM On Insurance Awareness

NAICOM seeks synergy on compulsory insurance in Lagos State -  InsideBusiness - Business News in Nigeria

Yemisi Izuora

The Lagos State Government has called for a stronger Partnership With the National Insurance Commission, NAICOM to deepen knowledge of insurance as well as its benefit to residents.

Lagos State Governor, Mr. Babajide Sanwo-Olu, who made the call observed that insurance has become a great tool to cushion effect of disasters and capable of providing succor to those afflicted by disasters.

Sanwo-Olu, has tasked management of the National Insurance Commission (NAICOM) on the need to assist the state in activating the Capital based tax in claims as enshrined in the Nigeria Constitution.

Speaking while receiving the management of NAICOM led by its Commissioner for Insurance and Chief Executive Officer, Mr. Olorundare Thomas, who paid him a courtesy visit at the Lagos House, Ikeja on Wednesday, Governor Sanwo-Olu noted that the State has considerably tapped into opportunities available from the Insurance sector, especially for its workforce, pledging to collaborate more.

The Governor also tasked the sector on continuous advocacy and education of residents on the benefits of the Insurance sector to businesses, promising to be a partner in progress.

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