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NCRIB Urges Tinubu to Prioritise Insurance Towards $1trn Economy

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The Nigerian Council of Registered Insurance Brokers (NCRIB) has urged President Bola Tinubu to prioritise insurance as a key driver in achieving a $1 trillion economyExecutive Secretary of NCRIB, Tope Adaramola made the call during an interview on Monday in Lagos.Adaramola said the insurance sector has vast potential to support economic growth, but deeper reforms and stronger government backing are essential to realise its full value.

“Insurance is vital to national development.
For the $1 trillion economy vision to materialise, insurance must be strategically positioned and meaningfully supported,” he stated.He described the passage of the Insurance Reform Bill by the House of Representatives as a significant milestone, noting it now awaits presidential assent.
“One of the most notable developments recently is the Insurance Reform Bill,” he said.He added that once signed into law, the bill will broaden insurance operations, enhance industry solvency, and deepen penetration across the country.Adaramola also noted improved collaboration between the National Insurance Commission (NAICOM) and the Nigeria Police Force on enforcing third-party motor insurance.This partnership, he said, has increased public compliance and boosted premium income within the sector.He commended Tinubu’s administration for implementing the Group Life Insurance Scheme for workers and investing in key infrastructure.He highlighted projects such as the Lagos-Calabar Coastal Road and Sokoto-Badagry corridor as growth enablers for the insurance industry. “Insurance prospers alongside development. Every new road, factory or public asset creates opportunities for coverage and risk management,” Adaramola explained.However, he criticised the Federal Government’s poor adoption of insurance for its own assets, calling it ethically inconsistent. “It is morally wrong for the government to enforce insurance compliance when many of its assets remain uninsured. Leadership must begin by example,” he said.Adaramola urged enforcement of other compulsory policies, like insurance for buildings under construction, with the same vigour as third-party motor insurance.Proper implementation of these policies, he noted, would strengthen the sector and generate substantial revenue for national growth.Speaking on the administration’s performance, Adaramola said it is too early for a full assessment but acknowledged visible progress in insurance-related areas. “There have been improvements in infrastructure and reforms, but more focused action is needed to position insurance as an economic pillar,” he said.He encouraged the government to be more innovative and deliberate in supporting the sector by removing regulatory barriers and tapping into emerging areas like the blue economy. “When the reform bill becomes law, it will unlock new opportunities for insurance and bolster its GDP contribution. “The government must empower the industry to support itself—and, in doing so, move closer to the $1 trillion economy target,” he said. (NAN)

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Makarfi Marks 70th Birthday Anniversary, Appreciates Massive  Solidarity  

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Former Governor of Kaduna State, Senator Ahmed Mohammed Makarfi, has said he didn’t bargain for the “deluge” of good will messages, which came his way on  his 70th birthday, on August 8.

In a statement at the weekend, the former National Chairman of Peoples Democratic Party(PDP) said  while it was “no doubt a privilege worthy of appreciation to attain the age of three scores and ten on August 8, 2026” he   was overwhelmed by the show of love from   different parts of the country and beyond.

“My attempts to write individualized responses to the thousands of messages have come to nought as I lose count of who and what messages to respond to.

 

“I take this opportunity therefore, to convey my most sincere and heartfelt gratitude and appreciation to the multitude of well wishers across all divides who have, in their various ways shared the momentous day with me. 

I, however, want to thank notably, Allah (SWT) for enabling the attainment as well as so many other favours that only He is capable of” he said in the statement to the media.

He appreciated President  Bola Ahmed Tinubu,    the Speaker, House of Representatives, Dr Tajuddeen Abbas,  Kaduna State Governor, Senator Uba Sani, members of the National Assembly, the set of 1999 governors and other former governors, His Highness Ambassador Ahmed Nuhu Bamalli, CFR, Emir of Zazzau and several other Emirs and Chiefs from both within and outside Kaduna State, leaders of various political parties, other political leaders as well as candidates to various offices across partisan divides, religious leaders, and friends and well-wishers, as stated   who he said either called or wrote goodwill messages to him.

“I equally appreciate the numerous youths and youth groups that took to the social media to felicitate with me.

I want to say that the various messages, many of which described me in superlatives that made me wonder as to who the references are, have humbled me but at the same time will serve as a tonic that gingers me to continue to give my best to support the unity, peace and progress of our country and its people” he stated.

He urged his friends, political associates and supporters to close ranks and confront the myriad of problems bedeviling the nation saying the challenges were surmountable with a strong will and spirit.

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NYSC Swears in 1,760 Corps Members in Bayelsa

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From Mike Tayese, Yenagoa

The National Youth Service Corps (NYSC) has sworn in a total of 1,760 Corps members for the 2026 Batch ‘B’ Stream two orientation exercise and mandatory one-year service in Bayelsa.

The swearing-in ceremony was held over the weekend at the NYSC Permanent Orientation Camp Kaiama, in Kolokuma/Opokuma Local Government Area of the state.

DAILY ASSET reports that the Chief Judge of the state, Justice Matilda Ayimieye, represented by Justice Inikade Eradiri, administered the Oath of allegiance on the corps members.

In his address, the state’s NYSC Coordinator, Samuel Pepple, said that 1,760 corps members registered for the mandatory orientation.

He noted that the corps members for the past two days, had started acclimatizing to their environment, in preparation to serve their fatherland. “I congratulate you today, as you people are responding to the parade amongst other things,” he said.

According to him, the orientation is to run for three weeks, after which corps members will be posted to their places of primary assignments.

He consequently, urged corps members to be of good behavior in all they do in the cause of their service to the state, and the nation at large.

The coordinator commended Gov. Douye Diri, for all the support he has been rendering to the Bayelsa NYSC, and also thanked invited guest and camp officials.

In his remarks, Gov. Diri who was represented by the Executive Assistant to the Governor on NYSC Matter, Wisdom Poyeri, noted that the orientation was necessary and important to national service.

Diri commended camp officials and urged corps members to be tolerant with one another, and exhibit unity during the exercise and beyond their service year.

He noted that the state government remained committed to their welfare and safety, and urged corp members to contribute positively to their places of primary assignments and beyond.

The governor urged them to conduct themselves with dignity and respect for one another, and shun any act of indiscipline amongst them but to embrace things that will make them a better people in the future.

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Tears Flow as Benue Buries 16 Victims Killed by Suspected Herdsmen

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From Attah Ede, Makurdi

Members of Efeyi community in Ugboju district in Otukpo Local Government Area of Benue State, on Saturday conducted a mass burial for 16 persons killed in a suspected armed herdsmen attack, as sorrows and tears gripped the community.

The victims were laid to rest in a solemn ceremony attended by family members, community leaders, traditional rulers, political and religious leaders, many of whom struggled to hold back tears as they paid their last respects.

Suspected armed herdsmen had invaded and launched an unprovoked attack on Efeyi community in Ugboju District of Otukpo Local Government Area of the State and killed 16 people.

The attackers were said to have stormed the community at about 5 a.m., shooting sporadically.

That incident is the second heavy attack in the area in recent months.

A resident of the community who identified himself as Ogboji Aboje, who attended the funeral, said the event was one of the saddest moments in the history of the community.

“The funeral was so touching. The atmosphere was full of sorrow. Tears were gushing. It was the saddest day for the people of the Efeyi community. May their souls rest in peace. Amen,” he said.

Prayers were offered by a Catholic priest before the eight victims, laid in white caskets, were lowered into graves dug side by side

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