The Minister of State, Federal Ministry of Youth Development Mr. Ayodele Olawande has requested to collaborate with the National Insurance Commission NAICOM in the building of an insurance educational module to be uploaded on the Nigerian Youth Academy (NIYA) platform to train youths and improve their level of financial literacy; this he said will help them in entrepreneurship and job creation, career development as well as sensitise them on the benefits of insurances.
Olawade who made the plea when he paid a visit to the Commissioner for Insurance Mr. Olorundare Sunday Thomas said the visit was to discuss potential collaboration opportunities between the Federal Ministry of Youth Development and NAICOM in advancing youth development initiatives.
The Ministry of Youth Development had developed a digital platform (app) called Nigerian Youth Academy (NIYA) where Nigerian youth could learn vocational and digital skills; Mr Ayodele Olawande is seeking a collaboration with NAICOM to engage Nigerian youth formally and informally to develop their skills.
The Commissioner for Insurance Mr Olorundare Sunday Thomas in his remark promised to convey the Minister’s request to relevant parties (The Chartered Insurance Institute of Nigeria and the College of Insurance and Financial Management) within the Nigerian Insurance Industry
Mr Thomas then gave a history and overview of the Nigerian insurance industry, the administrative structure of the Commission as well as its achievements in the area of financial inclusion, transition to risk-based supervision and IFRS 17, setting up of the West African Insurance Supervisors Association and the College of Insurance Supervisors of the West African Monetary Zone.
He assured the commission is still working to deliver on expectations and more to the Nigerian people.
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