In a determined effort to bolster the safeguarding of its assets on a nationwide scale, the federal government is engaged in discussions with the National Insurance Commission to establish innovative protocols concerning asset insurance.
Olorundare Sunday Thomas, the Commissioner for Insurance, unveiled this initiative during an interactive session with journalists in Uyo, Akwa Ibom.
He revealed that the Secretary to the Government of the Federation, Senator George Akume, lends his support to this novel strategy.
The new framework for insurance is set to be revealed by October during the forthcoming National Insurance conference.
Thomas asserted that the federal government’s evolved stance on insurance represents a progressive step.
Thomas, at the helm of NAICOM, emphasized, “Since the inception of the new government, I have had the privilege of conferring with the Secretary to the Government of the Federation (SGF) regarding the formulation of guidelines for insuring government assets. This matter is being taken seriously.”
He further expounded, “Moreover, President Bola Tinubu established a culture of insurance in Lagos during his tenure as governor. Remarkably, this culture has endured, as almost all subsequent governors have consistently honored premium payments and adhered to the established insurance framework. Now, this precedent is being extended to the federal level.”
Highlighting the federal government’s dedication to this fresh insurance approach, Thomas affirmed that collaborative efforts with the commission are well underway.
The objective is to devise a strategic guideline that will serve as a blueprint for the government’s renewed enthusiasm for insurance acquisition. This guideline will be rigorously embraced by all ministries, departments, and agencies (MDAs).
