Mr. Wale Edun, the minister of Finance and Coordinating Minister of the Economy, has inaugurated the new board members of the National Insurance Commission (NAICOM) in Abuja on Tuesday.
The new board, comprises: Ms. Halima Kyari chairperson, Mr. Olusegun Omosehin (Commissioner for Insurance); Mr. Olawoye Gam-Ikon (Deputy Commissioner, Technical Operations)
Others are; Dr. Usman Jimada (Deputy Commissioner, Finance and Administration); Dr. Miriam Kachikwu; Mr. Adeniyi Fabikun and Mr. Umar Mohammed.
The new NAICOM board, is tasked with ensuring a safe, sound, and stable industry while protecting policyholders, serving the public interest, and fostering trust within the sector.
During the ceremony, Edun emphasised the critical role the insurance sector plays in stabilising the economy but acknowledged the immense responsibility entrusted to the board.
“The weight of this responsibility and the significance it holds is not lost on me,” he said.
He expressed full confidence in the board’s ability to deliver, citing their proven track records and experience.
Edun, noted the nation’s long-term saving potential and its demographic advantage with a youthful population and urged the board to leverage these factors to drive economic growth.
“Effective resource utilization within the insurance sector is crucial,” Edun stressed.
The board’s inauguration follows President Bola Tinubu’s approval of their appointments on April 19th.
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