The Nigeria Insurers Association (NIA) has underscored the vital role of insurance in driving national economic growth, investor confidence, and public protection.
Speaking at a two-day workshop on “Compulsory Container Insurance”, organized under Section 203 of NIIRA 2025, Mrs. Bola Odukale, Director-General of NIA, highlighted that a well-regulated and legally backed insurance industry is critical to Nigeria’s development agenda.
“Insurance is more than a risk management tool; it is a catalyst for economic stability, investor confidence, and public protection. Strengthening professional capacity ensures that compulsory insurance provisions are effectively implemented for the benefit of the broader economy,” Odukale said.
She encouraged participants to actively engage in the workshop sessions, stressing that the knowledge gained would enhance both professional expertise and practical implementation of compulsory insurance policies.
Expert-Led Training for Industry Growth
The workshop featured expert facilitators, including Mrs. Margaret Ogbonna, Director at the Nigerian Shippers Council, Mr. Soji Oni, Controller 1 Technical at NIA, and Mr. Owolabi Longe, CEO of Ironlink Communications. Their sessions focused on equipping participants with the skills needed to implement compulsory container insurance and promote a more resilient insurance ecosystem.
The initiative reflects NIA’s ongoing commitment to capacity building, regulatory compliance, and fostering a sustainable insurance market that supports Nigeria’s economic development.
