NAICOM, NSITF Resolve Setting Up Joint Committee To Drive Contributions In Nation’s Economic Development

The National Insurance Commission (NAICOM) and the Nigeria Social Insurance Trust Fund (NSITF) have resolved to set up a joint steering committee to drive both agencies collaborations.

The joint steering committee would further be reposed with responsibilities of harnessing contribution of insurance generally to national output and also boost growth potentials of the insurance sector in Nigeria

This formed the high point of outcome courtesy visit by the Commissioner for Insurance (CFI)/CEO of NAICOM, Mr Olusegun Ayo Omosehin, to the Managing Director/CEO of Nigeria Social Insurance Trust Fund (NSITF), Mr. Oluwaseun Faleye, at the NSITF Hqtrs in Abuja on Wed 28th August, 2024.

According to a statement by NAICOM management, “The two agencies agreed to set up a joint committee to drive the collaboration, harness the contribution of insurance generally to national output and also boost growth potentials of the insurance sector in Nigeria.

“The purpose of the visit was to discuss areas of collaboration between the Commission and the NSITF to deepen insurance penetration, harnessing the benefits of both conventional and social insurance, data sharing and analytics, capacity building and training, creating awareness and advocacy, driving compliance with Insurance requirements and many more.”