AMINA HUSSAINI
The Nigeria Insurers Association (NIA) has called for legislative intervention in the insurance sector of the Nigerian economy for improved performance.
The NIA Chairman, Ganiyu Musa, made this call on Tuesday during a courtesy visit by a delegation of the Association to the Speaker of the House of Representatives, Femi Gbajabiamila.
Musa stated that the insurance industry needed the support of the National Assembly to make the sector better.
He said, “We share your aspirations for the country; we share your dreams for a better Nigeria; we assure you that we’ll like to collaborate with you and the House to contribute to the overall welfare of the citizens.
“The industry contributed to the fight against COVID-19. Our desire is to improve engagements. We’ve not been as present in the House as we should.
“We need the help of the House. We seek appropriate legislative intervention and assistance. We need you to address some of the bottlenecks that militate against the realisation of our work.”
The Speaker assured the visitors that the House is willing and ready to partner with the insurance industry for improved services.
Gbajabiamila noted that the industry is one of the most important sectors in the country hence the need to improve its services.
“The House of Representatives is always happy to collaborate with sectors, businessmen and professions such as yours.
“There’s no gainsaying the importance of insurance in any economy, in any country. Insurance is perhaps one of the most important areas in any business.
“You secure our lives and our property, so you’re very important to us. We are more than ready to always partner with you,” the speaker said.
On the amendment of the Insurance Act, Gbajabiamila said it is work in progress as a Bill on it has already passed first reading in the House.
“You talked about the amendment to the Insurance Act. I’m aware that it has been long coming. In this 9th Assembly, I think it has gone through first reading before it comes for second reading and then the public hearing.
“You should work with the committee so that you guys can work and agree on what should go in and what should go out of the amendment. I think that’s already in the works. We’re glad to see you. We’re open to discussing further with you,” he said.
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