NAIPE 2023 confab centers on sector’s contribution to Nigeria’s economy

Stakeholders in the insurance industry would be converging in Lagos to review role of insurance in driving economic growth and development and also set a path for the new administration to promote insurance business.

The 8th Edition of the Nigerian Association of Insurance And Pension Editors (NAIPE) Annual National Conference is providing operators with that platform to appraise the level at which the industry has supported and contributed to Gross Domestic Product, GDP.

The conference theme: ‘Role of Insurance and Pension Sectors In Building Sustainable Economic Growth Under The New Government’ is considered apt and germaine to set agenda for the new government led by President Bola Ahmed Tinubu on ways to further deepen penetration and contribution of the sectors to economic growth.

The epoch event will hold on September 7th 2023 at Oriental Hotels, Victoria Island by 10.00am.

The discuss has become necessary at this time following the abysmally low penetration of insurance and slow growth in pensions enrolment given the country’s huge population.

Recall, that the 2020 Consolidated Insurance Bill is still awaiting presidential accent, while the National Assembly workers and the Police Pension Board have recently withdrawn from the Contributory Pension Scheme (CPS).

This is as some other agencies and parastatals also want to withdraw from the CPS, which poses a threat to the sustainability of the scheme and as such requires urgent government intervention.

These ugly developments, among so many other issues inherent within the industries will be exquisitely discussed by array of selected experts and analysts within and outside the industries, which would also set a template for the new government to ride on.

The conference would be chaired by Eminent Investor in the financial services market, A Chartered Insurer and Actuarist, Mr Wole Oshin, who is the Founder and Group Managing Director of Custodian Group.

The keynote address would be delivered by Mallam Kasim Garba Kurfi, Managing Director/CEO of APT Securities and Funds Limited.

Garba Kurfi is a highly skilled capital market professional operator with decades of experience, a Council Member of Nigeria Stock Exchange and Fellow, Institute of Chartered Accountants of Nigeria (ICAN).

Mrs Nkechi Naeche-Esezobor, Chairperson, NAIPE said the theme of the conference was carefully chosen following the emergence of a new government in the country.

Esezobor noted that not less than 500 stakeholders from the insurance, pension, finance and trade industries would attend the conference.

She hinted that the Special Guests of Honour for the Conference is the Commissioner For Insurance, Mr Sunday Olorundare Thomas and Director-General of the National Pension Commission (PenCom), Mrs Aisha Dahir-Umar.

According to her, speakers were carefully selected by the conference committee to do justice to the theme of the conference, towards changing the landscape of both industries to contribute meaningfully to the Nigerian economy.

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