Fresh momentum is building around Nigeria’s insurance reform.
The Nigerian Insurers Association (NIA) has begun intensive training for professionals on the Compulsory Container Insurance provisions captured in Section 203 of the Nigeria Insurance Industry Reform Act (NIIRA) 2025.
The two-day capacity workshop, held in Lagos, is aimed at equipping underwriters with the knowledge required to implement the law smoothly and consistently across the market.
Why This Training Matters
Containerized trade remains central to Nigeria’s import and export economy. With new legal requirements now in force, insurers must understand how to price risk correctly, enforce compliance, and protect cargo owners, operators, and the broader logistics chain.
At the opening session, Director-General of the NIA, Bola Odukale, reminded participants that insurance is far more than paperwork.
She said a strong, law-backed insurance system is vital for:
- economic growth
- investor confidence
- protection of businesses and citizens
A Call to Step Up
Odukale challenged attendees to maximize the opportunity, noting that the expertise gained would sharpen their professional edge and help translate reform into real benefits for the economy.
In short: know the law, apply it well, grow the market.
Who Is Attending?
More than 40 underwriters directly involved in container insurance are taking part — a signal that operators are serious about getting implementation right.
Powerhouse Facilitators
Participants are learning from respected industry figures, including:
- Margaret Ogbonnah of the Nigerian Shippers Council
- Soji Oni of the NIA
- Owolabi Longe of Ironlink Communications
Their sessions cover compliance expectations, technical underwriting issues, and communication strategies necessary to drive awareness.
The Bigger Reform Picture
NIIRA 2025 is designed to modernize the insurance landscape, expand compulsory covers, and improve enforcement.
For underwriters, that means higher responsibility.
For the market, it means better structure and credibility.
For customers, stronger protection.
