Committee on Insurance of Public Buildings Meets on Compliance

From Left: Mrs. Adebola Odukale, DG, NIA; Mr. Ahmed Adamu, Ag. Directo, Research & Statistics, NAICOM; Deputy Commissioner for Insurance, Mr. Ekerete Ola Gam-Ikon, who serves as the Committee Chairman and Mr. Rasaaq Salami of NAICOM.

As part of the on-going initiatives spearheaded by the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, the 2nd Meeting of the Insurance of Public Buildings and Buildings Under Construction Committee took place on Tuesday, July 2, 2024, in Abuja.

The Deputy Commissioner for Insurance, Mr. Ekerete Ola Gam-Ikon, who serves as the Committee Chairman, welcomed the committee members representing various stakeholder institutions. In his opening remarks, he emphasised the importance of the committee’s national assignment: developing a methodology to ensure compliance with the insurance of public buildings and buildings under construction. This effort aims to enhance the uptake of insurance in these sectors.

The day’s deliberations focused on identifying and exploring synergies with stakeholders, liaising with State Governors and Houses of Assembly to domesticate insurance laws for better compliance, researching similar policies in other jurisdictions, and sensitising stakeholders on the importance of adherence to compliance with compulsory insurances.

Hot this week

Is Investing for Me? Rethinking Who the Stock Market is Actually Built For

  By Robinson Kolawole "Investing is not for someone like me."...

CIIN Boss, Yetunde llori, Bows Out, Lists Achievements in Office

Mrs. Yetunde llori, the President/Chairman of Council, Chartered Insurance...

WorldStage Business Forum Q2 2026: Prof. Baale Makes Case for Building World-class Nigerian Corporate Culture

L-R: Mr. Segun Adeleye, President/CEO, World Stage Limited; Prof. Lere...

Insurance Brokers Reaffirm Commitment to Local Content, Digital Innovation at SUPERNEWS Conference

Deputy President of the Nigerian Council of Registered Insurance...

Topics

FG Partners Canadian Firm, Ethnomet, to Launch Digital Healthcare Platform ‘NigComHealth’

  Centre, James Christoff, the Canadian High Commissioner to Nigeria,...

Stanbic IBTC Bank Completes 1st Inbound Commercial Transaction on PAPSS

  Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC...

Stanbic IBTC Bank PMI: New Order Growth Hits 19-month High

Growth in the Nigerian private sector continued to gain...

NDIC CEO, Bello Hassan at 15th Islamic Finance Summit in Saudi Arabia

Dr. Ibrahim Alghofaily, MD, Arriyada Centre, Jeddah (Left) in...

$1tn Economy: Experts to Discuss Insurance, Pension Impact at NAIPE Confab

The Nigerian Association of Insurance and Pension Editors (NAIPE)...

Sanwa-Olu Unveils Ecobank Pan-African Centre, Laud Bank’s Smart Building Initiative

(front row - L -R) Managing Director, Ecobank Nigeria,...

Zenith Bank FY: 2017 Earnings: Resilient Performance… A Clear Case of Undervaluation

Mr. Peter Amangbo, Group MD/CEO, Zenith Bank Plc Zenith Bank...

PwC Report: Real Estate Contribution to GDP Target N2.7tr by 2016

PricewaterCoopers (PwC) has projected the contribution of real estate to the country’s Gross Domestic Product (GDP) to grow by almost N3 trillion in 2016. The accounting firm however said this is dependent on the right environment, which include adherence to global best practices in the sector, transparency and timely delivery on project execution, among others. The sector currently contributes about N1.8 trillion to the GDP. “Going by PWC revelation and the quest to meet the vision 2020 target, a lot needs to be done towards improved public infrastructure to drive the required positive change in the real estate and facilities management industry, in addition to improving the living condition of the average Nigerian.