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Nigeria urged to insure railway investment


The Nigerian Council of Registered Insurance Brokers (NCRIB) has urged the Federal Government to ensure that the huge investment in the railway system was protected through insurance.

Dr Bola Onigbogi, President of NCRIB gave the advice at the December edition of the council’s Members Evening hosted by Africa Alliance Plc.

Onigbogi said this was necessary because it was one of the prudent ways to protect the national asset and guarantee that it endures.

“As a critical stakeholder in the economy, I like to also use this medium to first commend the federal government for the enhancement of public transportation in Nigeria through the strengthening of the nation’s railway system.

“Aside from aiding commerce and reducing road accidents, the railway system will also create more jobs for Nigerians, ” she said.

Onigbogi also commended the government on the closure of the country’s land borders, saying it would protect local production of goods and services.

“It is advisable that the government should use the opportunity of the closure to encourage the acceleration of local capabilities so that our strides towards self-sufficiency would be guaranteed.

“It is a fact that no country could wholly depend on foreign countries for survival, but this must come with utmost sincerity on the part of the government, ” the NCRIB President said.

Onigbogi reaffirmed her commitment to run a progressive tenure that would be anchored on two pivots, namely: Image Management and Strategic Engagement, having assumed office on November 31.

She said the choice of image management was not far-fetched, especially when considering the remote image and reputation which insurance brokers had attracted in the scheme of things in the country.

“Everywhere you go, there is gross misconception about who a broker is and what he does.

“It is often sickening to at best hear many mixing our identity up with that of the stock brokers and this must stop under this administration.

“We would be more strategic and aggressive in our projection of the insurance brokers brand across all geographical areas of the country by deploying indepth image making strategies, ” she said.

Onigbogi said the council would devote good time to enhancing the capacity and competences of the insurance brokers.

She said the council would also forge effective collaboration with the Nigerian Insurers Association (NIA) to remove all those “toxic traits” that could jeopardise attempts at projecting the industry and the insurance broking professionals in bad light.

“Let me also say that this tenure would devote attention to professionalism, international relations, secretariat empowerment, mentoring and enhanced collaboration with the regulatory authorities.

“I would like to inform our distinguished members that this administration will be open to advise and constructive engagements by members.

“It will also be all-inclusive. Myself and the Management would operate with the TEAM acronym that says ‘Together Everyone Achieves More’, ” she said.

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