The Head of Civil Service of the Federation (HCSF), Mrs. Didi Esther Walson-Jack, has re-emphasised the importance of insurance in safeguarding workers welfare and ensuring financial security for their families.
Mrs Walson-Jack, who was represented by Mrs. Oyekunle Patience, made the assertion during a capacity-building workshop organised by the National Insurance Commission (NAICOM) and the Office of the Head of the Civil Service of the Federation (OHCSF) on Group Life Assurance Policy in Abuja recently.
The workshop aimed to equip civil servants with knowledge and tools to effectively manage and benefit from the Group Life Assurance Policy, according to the organisers, is a critical component of the Federal Government’s welfare package noting that the event marked a significant step in strengthening life insurance policy implementation across the federal civil service, and reinforcing the government’s dedication to employee well-being.
The event brought together stakeholders from government ministries, departments, and agencies (MDAs) to enhance understanding and implementation of the policy.
In her opening remark, the HCSF who applauded President Bola Tinubu for renewing the annuity policy and the NAICOM for initiating the training emphasised the importance of insurance in safeguarding public servants’ welfare and ensuring financial security for their families.
Also speaking at the event, Mr. Olusegun Ayo Omosehin, the Commissioner for Insurance, represented by Mr. Ekerete Ola Gam-Ikon, Deputy Commissioner for Finance and Administration, expressed appreciation for the collaboration and assured participants of NAICOM’s commitment to transparency and accountability in policy implementation.
In a similar development, the NAICOM recently played host to The Gambia Central Bank Delegation for Strategic Knowledge Exchange.
The high-powered delegation from the Central Bank of The Gambia, led by Mr. Nyang Medeleine Gomez, on a strategic working visit aimed at fostering regulatory collaboration and knowledge exchange in key areas of insurance supervision with the primary focus to study Nigeria’s regulatory approach in three critical areas namely, Risk-Based Supervision; Prudential Frameworks and Inclusive Insurance.
Receiving the delegation on behalf of Mr. Olusegun Ayo Omosehin, the Commissioner for Insurance, Dr. Usman Jankara, the Deputy Commissioner for Technical, alongside Mr. Ekerete Ola Gam-Ikon, the Deputy Commissioner, Finance and Administration, expressed NAICOM’s readiness for collaboration and mutual learning.
He described the engagement as a “knowledge-sharing visit,” noting that “no one regulator has all the answers,” and emphasised the importance of peer-to-peer learning in enhancing regulatory capacity across Africa.
In his remarks, Mr. Gomez explained that the visit was intended to understanding NAICOM’s implementation of a risk-based supervisory system to ensure a stable and resilient insurance sector; explore strategies for expanding insurance access to underserved and low-income populations through inclusive insurance frameworks; and Learn best practices in prudential regulation to safeguard policyholders’ interests and uphold public confidence in the insurance market.
In a detailed response, Dr. Jankara reaffirmed NAICOM’s commitment to supporting the Gambian delegation across all areas of interest. He emphasised that Nigeria’s regulatory framework has evolved significantly, especially in corporate governance, where the Commission has moved from basic compliance to robust enforcement mechanisms.
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