Insurance

Insurance brokers laud FG, States for halting spread of COVID-19

Onigbogi

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Chuks Udo Okonta

The Nigerian Council of Registered Insurance Brokers (NCRIB) has applauded the decisive steps taken by the Federal and State Governments toward halting the spread of COVID-19 in Nigeria.

A statement by the President of the Council, Dr. (Mrs.) Bola Onigbogi, noted that the NCRIB particularly gave plaudits to President Muhammadu Buhari for announcing the lock down of Lagos, Abuja and Ogun State for 14 days, noting that the step was necessary to reduce the vulnerability of Nigerians to the dreaded virus through unbridled human mobility.

Onigbogi said the various incentives announced by the President, among them the provision of N15 billion for Lagos, Abuja National Centre for Disease Control (NCDC) were steps in the right direction as well as the granting of three months moratorium to those who had taken loans under the various programmes of government and two months payment to beneficiaries under the TraderMoni are steps to cushion the effect of the stay at home order on the people and small businesses.

Mrs. Onigbogi who lamented the devastating toll that the virus had caused in terms of human losses and incapacitation and global business disruption stated that the pandemic had posed a challenge to the entire world on contingency planning against future occurrences.

In a similar development, the Insurance Brokers’ body has commiserated with government of Ondo State over the devastation brought about by an explosion which rocked Akurerecently where properties worth millions of naira were destroyed.

The NCRIB President utilized the opportunity to drum up support for the embrace of insurance by Nigerians as a safeguard against risks and calamities, further emphasizing the role of Insurance Brokers as the inevitable link between the insurance companies and clients, helping the latter to fully maximize their insurances.

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