Insurance

NAICOM ‘ll not fail Nigerians – Thomas

Thomas

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Chuks Udo Okonta

The leadership of National Insurance Commission (NAICOM) will not fall President Muhammadu Buhari and Nigerians, the Commissioner for Insurance, Sunday Thomas, has said.

Thomas said this at the just concluded 2020 NAICOM Seminar for Insurance Journalists, at Uyo, Akwa Ibom State. He reaffirmed that the commission would boost the recent confidence President Buhari reposed in the insurance sector, stressing that his administration would not fail Nigerians.

“NAICOM is an agency of the Federal Government and has the responsibility to make some impact on the economy. We will continue to relish the president’s appreciation of the industry,” he said.

Acknowledging that the investment climate was tough, he said, the commission was determined to make a difference as there will be no hindrance to information dissemination.

“If there is a need for change let us know and if there is a need for me to explain I will not hesitate to do that. We have challenges ahead of us but we are determined to overcome those challenges. We try as much as possible to let investors, government and stakeholders into our programmes.
“The terrain is tough but we are determined to succeed. Nigeria is not by accident the largest economy in Africa. We must take advantage of the population. There are a lot of things to fast track the process. The digital world will drive regulation,” he posited.
Speaking on the commission’s rededication towards driving the Compulsory Insurance policy, he said it was not enough to sit in Abuja and expect the process to succeed.

He said it was on this ground he took out time recently to visit the Chairman of Nigerian Governors’ Forum (NGF) and Ekiti State Governor, Kayode Fayemi, to prevail on his colleague governors to assist in driving the compulsory insurance policy.

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