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Amosun harps on importance of insurance to socio-economic development

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The Ogun State Governor, Senator Ibikunle Amosun has stressed the need for stakeholders to explore the opportunities in the insurance sector, towards socio-economic development.

He said this while speaking when he received executive members of the Chartered Insurance Institute of Nigeria (CIIN), led by its President, Mrs. Funmi Babington-Ashaye in his Oke-Mosan, Abeokuta office, yesterday. 

He noted that insurance, despite its strategic importance to the socio-economic development of the nation, has not been accorded it’s deserved recognition as a key component in the formulation of policies.

The governor assured the delegation of his government’s readiness to collaborate with the institute, in order to promote public awareness about the essence of insurance. 

Earlier, Babington-Ashaye commended the government for the landmark achievements the state has recorded in the last six years.

She restated the vital role of insurance to the security of lives, property and wealth creation, through professional development, and said the institute plans to create awareness in this regard, adding that this will also promote trust and confidence of the people in the sector.

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