ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home National

Okonjo-Iweala advocates massive education of policymakers

25th May 2018
in National
0
Okonjo-Iweala
10
SHARES
76
VIEWS
Share on FacebookShare on Twitter

NAN

Former Nigeria’s Minister of Finance, Dr Ngozi Okonjo-Iweala, has called for a massive education of insurance policy makers in the country to achieve deep insurance penetration among the populace.

Okonjo-Iweala told the News Agency of Nigeria (NAN) on Friday in Busan, South Korea, on the sideline of the Annual Meetings of the African Development Bank (AfDB), that insurance penetration in Africa and Nigeria in particular was very low.

“”As the world is experiencing so much uncertainties and a lot of volatility in the economy, people really need to think more deeply about insurance and how they can help protect themselves and their families, even their countries against these risks.”

She said insurance penetration in Africa was as low as three per cent of Gross Domestic Product (GDP) and about 0.3 per cent of GDP in Nigeria, stressing the need for proper enlightenment and education of the populace.

“”We really need to move forward ; there is a lot of opportunities, so we need massive education and insurance companies must take some responsibilities by working with government in this direction.

“”We should set ourselves some targets; we were begining to do that earlier on when we were in government; to see if we could really, by 2020, 2025, 2030, set targets of having insurance penetrate deeply, ” she said

Okonjo-Iweala, who is the Chairperson of the Board of African Risk Capacity (ARC) initiative, congratulated Nigeria for signing the ARC Memorandum of Understanding because it was another form of weather-based insurance.

She said the pact was good and formed part of the framework for moving the country in the right direction, “”so massive education of the population of policy makers on insurance is what we need to do”.

Tags: Educationinsuranceisurance policy makers in nigeriaokonjo iwelaokonjo-iweala
Omotayo Edubi

Omotayo Edubi

Related Posts

FG directs immediate stock taking of agricultural assets across Nigeria
National

COVID-19: Succour as FG distributes agro inputs to 7,500 farmers

17th April 2021
16 ISWAP terrorists surrender to soldiers in N’East
National

Troops neutralize five armed bandits who attacked Benue community

17th April 2021
Good Friday: Live life of sacrifice, Catholic Bishop tasks Christians
National

Church distributes 1,000 bags of rice to indigent people in Abia

17th April 2021
Next Post
Ramadan 2018

Ramadan: ’Pull over in case of fatigue’, FRSC tells drivers

Cholera Outbreak: UN allocates $2 million for North-East

Cholera Outbreak: UN allocates $2 million for North-East

BOARD

Lagos Muslim Pilgrim Board begins payment for BTA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Rivers LG poll peaceful, witnesses voter apathy

Church distributes 1,000 bags of rice to indigent people in Abia

Insecurity: Northern Igbo demand investigation on Owerri’s attack

APC, PDP quarrel over expected defection

Kidnap kingpin attempts suicide to evade arrest in Taraba

2023: Wake up before it is too late, NCP charges North Central politicians

Trending

FG directs immediate stock taking of agricultural assets across Nigeria
National

COVID-19: Succour as FG distributes agro inputs to 7,500 farmers

17th April 2021
0

From Okwe Obi, Abuja Following the economic meltdown occasioned by COVID-19, the Federal Government, has distributed agro...

Standstill as rally for Yoruba nation rocks Ibadan

Standstill as rally for Yoruba nation rocks Ibadan

17th April 2021
16 ISWAP terrorists surrender to soldiers in N’East

Troops neutralize five armed bandits who attacked Benue community

17th April 2021
Rivers LG poll peaceful, witnesses voter apathy

Rivers LG poll peaceful, witnesses voter apathy

17th April 2021
Good Friday: Live life of sacrifice, Catholic Bishop tasks Christians

Church distributes 1,000 bags of rice to indigent people in Abia

17th April 2021

Follow us on social media:

Categories

  • Abuja Metro
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist