Vice President Yemi Osinbajo on has called on the National Council of Registered Insurance Brokers to partner with the Federal Government to mitigate the risks associated with investments in the insurance industry.
Osinbajo said this in Abuja during the investiture of Mrs Bola Onigbogi as the 20th President of NCRIB. The VP described the insurance industry as vital for the development of the economy. He added that while the sector is faced with challenges, the lack of adherence to insurance practice is making it difficult for the government to achieve its objective for the sector.
Osinbajo, however, added that the government would do all it could, including working with the new leadership of NCRIB to address the challenges facing the sector. He described Onigbogi as a woman who has the qualities to take NCRIB to enviable heights, noting that the council couldn’t have made a better choice than electing her as its president.
He said, “Professional bodies are essential to the development and progress of anybody as they maintain standards and ethical value.