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Insurance Operators Move To Exploit Benefits Of AfCFTA

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By Sola Alabadan

As part of efforts to effectively exploit the benefits of African Continental Free Trade Area (AfCFTA),the Commissioner For Insurance, Sunday Thomas, inaugurated the Nigerian insurance industry committee on AfCFTA today.
This is in furtherance of the insurance operators’ resolve to ensure that they do not only respond appropriately to developments in the larger society, but to also ensure that the insurance operators are united in their responses to these developments.
AfCFTA was signed by 44 members of the African Union in 2018, to create a single market, deepening the economic integration of the continent,
establish a liberalised market through multiple rounds of negotiations,
aid the movement of capital and people, facilitating investment, among others.
Members of the committee are: Mrs. Ekeoma Esther Ezeibe (Chairman), Tunde Hassan-Odukale, Mrs. Funmi Ọmọ, and Mrs. Yetunde Ilori are representing the Nigerian Insurers Association (NIA), Mr. Shola Ajibade (representative of Professional Reinsurers Association of Nigeria (PRAN), while Mr. Sina Elusakin, Mr. Eric Omozejele, Mrs. Bimbo Onakomaiya are representing
Nigerian Council of Registered Insurance Brokers (NCRIB).
Other members are: Bola Temowo, Pst. Ikechukwu Udobi, chief Lebi Omoboyowa are representing Institute of Loss Adjusters of Nigeria (ILAN) and Mr. Usman Jankara, Mr. Taiwo Adeoye, Mr. Ahmed Metteden are representing NAICOM, while Mr. Lanre Ojuola, representing NIA, is the Secretary.
The NAICOM boss said the terms of reference of the Committee include: To cordinate and articulate the Nigerian insurance industry’s response to the AfCFTA Agreement and its implementation.
They are also required to develop and ensure implementation of measures to ensure that the industry effectively exploits the benefits of AfCFTA, as well as develop and ensure implementation of measures to protect the Nigerian insurance industry from being negatively impacted by AfCFTA.
The committee is saddled with the responsibility to engage or liaise with relevant bodies and agencies such as the National Action Committee on AfCFTA, Nigerian Office for Trade Negotiations on implementation of the AfCFTA Agreement and any such body.
Lead bilateral negotiations with any interested State Party regarding the Nigerian insurance sector.
Besides, they are expected to regularly consult with relevant stakeholders to ensure that positions or views canvassed are reflective of the interest of the Nigerian insurance industry.
Members of the committee are further mandated to attend relevant meetings, seminars, workshops, conferences, etc and articulate the Nigerian insurance industry’s views on AfCFTA, while equally submitting regular updates/reports regarding developments on AfCFTA and activities of the Committee to NAICOM.

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Ghana’s Delegation In Nigeria To Marine Cargo Sector

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Commissioner for Insurance, Olusegun Omosehin received delegates from Ghana's Marine Cargo Technical Committee on a study tour of Nigeria's marine cargo sector at his office in Abuja recently. The delegation was led by Mr. Fred Asiedu-Darteh of Ghana Shippers' Authority.

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Stakeholders Assess Progress, Challenges In Implementing Building Insurance Regulations

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The National Insurance Commission (NAICOM) convened the fourth meeting of the Joint Committee on Insurance for Public Buildings and Buildings Under Construction recently in Abuja.
The meeting, chaired by the Deputy Commissioner for Insurance, Finance and Administration, Mr. Ekerete Ola Gam-Ikon, brought together stakeholders to discuss progress and challenges in implementing insurance regulations for public buildings and buildings under construction.

In his opening remarks, Mr. Gam-Ikon welcomed new members from the quantity surveying profession and briefed the committee on NAICOM’s enforcement efforts, which have commenced with third-party motor insurance and are expanding to public buildings and buildings under construction. He emphasized the importance of collaboration with regulatory agencies and highlighted the commission’s focus on claim settlement, citing the example of a fire incident at a Cash and Carry supermarket where insured parties received prompt claim payments.

The committee discussed implementation progress, with the representative from Development Control indicating that they have started enforcing insurance requirements since January 2025 but are awaiting necessary documents to commence full enforcement. Other stakeholders, including the Nigerian Insurers Association (NIA) and the Federal Fire Service, shared their perspectives on the importance of complete documentation, risk assessment, and insurance coverage.

The Chairman of the joint committee, Mr. Gam-Ikon, urged Development Control to establish a database of public buildings and buildings under construction and ensure that only buildings with approved documents are insured. Dr. Talmiz Usman, Director of Legal Enforcement and Market Development at NAICOM, thanked committee members for their support and participation.

The meeting underscored the importance of collaboration and effective implementation of insurance regulations to promote safety and risk management in the construction industry.

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emPLE Partners LASPARK For Tree Planting Initiative

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emPLE has officially flagged off Green emPLE, its company-wide sustainability initiative, with a tree-planting exercise held in partnership with the Lagos State Parks and Gardens Agency (LASPARK) in Lagos.
As part of the launch, emPLE planted 65 trees across strategic locations in Lagos. The carefully selected tree species were chosen for their environmental benefits such as improving air quality, reducing urban heat, and enhancing the city’s ecological balance.
Speaking at the event, Oyinlade Olalekan, Managing Director of emPLE General Insurance Limited, remarked,
“At emPLE, we’re deeply committed to empowering lives—not just through our financial offerings but by actively contributing to a more sustainable world. The launch of Green emPLE and today’s tree-planting activity are key steps in that journey. Sustainability is one of our core values, and we’re proud to be playing our part in building a cleaner, greener Lagos.”
He added,
“We see Green emPLE as a platform for driving real impact, one initiative at a time. This partnership with LASPARK is only the beginning. We look forward to rolling out more activities that reinforce our mission and encourage others to join us in protecting the planet.”
Mrs. Adetoun Popoola, General Manager of LASPARK, also commended the initiative, saying:
“Our mandate at LASPARK is to promote a greener Lagos through tree planting and urban beautification. It’s always encouraging to see private sector organisations like emPLE step forward in support of this mission. Collaborations like this help us get more done and inspire residents and businesses alike to take sustainability seriously. We are excited about what Green emPLE represents and we look forward to more impactful partnerships.”
To acknowledge emPLE’s contribution, LASPARK presented the company with a Tree Planting Certificate, recognising its role in environmental preservation and its ongoing support for climate resilience and green urban development.
Green emPLE is emPLE’s long-term commitment to promoting sustainable practices that support a healthier planet and empower future generations. The initiative reflects the company’s belief that true empowerment goes beyond financial products it includes taking responsibility for the environment and driving long-term positive change.

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