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NAICOM boosts insurance education with donations, grants

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By Favour Nnabugwu

NATIONAL Insurance Commission (NAICOM) has donated N10million to the Federal Polytechnic Offa, Kwara State to boost the institution’s ICT Centre and a grant of N5.4m for the purchase of insurance textbooks for insurance education.

The Commission’s donation is to propagate insurance education and help the sector deepen insurance reach in tertiary institutions in the country.

NAICOM had granted financial supports to Ahmadu Bello University Zaria, Lagos State University, University of Uyo, IMT Enugu,  Niger Delta University and Evans Ewerem University, among others.

This, according to the head of Communication of the Commission, Abudul Rasaaq Salami, is aimed at instilling insurance knowledge and understanding among the younger generation and thereby deepening insurance education.

Salami said that NAICOM is committed in promoting financial literacy through the introduction of Micro insurance, takaful insurance, and agricultural insurance policies as a vehicle for meeting the needs of the masses.

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