THE Federal Government needs to ensure the huge investment in railroad sector is safeguarded by embracing insurance, the President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Dr. (Mrs.) Bola Onigbogi, has said.
She spoke at the December 2019 Edition of NCRIB Members Evening hosted by African Alliance Plc in Lagos.
While commending the government for the enhancement of public transportation in Nigeria through the strengthening of the nation’s railroad system, she said that as a critical stakeholder in the economy, brokers under the auspices of the NCRIB are appealing to the Federal Government to insure all its assets properly to curb waste.
She said: “We will like to first commend the Federal Government for the enhancement of public transportation in Nigeria through the strengthening of the nation’s railway system. Aside from aiding commerce and reducing road accidents, the railway system will also create more jobs for Nigerians.
“However, the government is hereby implored to ensure that the huge investment in that sector is safeguarded through embrace of insurance. This, to us, is one of the prudent ways to protect this great national asset and guarantee that it endures”.
She also applauded the government over the closure of the country’s borders with her neighbouring countries, stressing that to all intents, the move was quite salutary as it would protect local production of goods and services.
She further advised the government to use the opportunity of the closure to encourage the acceleration of local capabilities so that its strides towards self-sufficiency would be guaranteed.
“It is a fact that no country could wholly depend on foreign countries for survival, but this must come with utmost sincerity on the part of the government,” she added.
The Managing Director of African Alliance Plc, Funmi Omo, restated the management’s commitment to sustaining the upward growth trajectory across all metrics.
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