The National Insurance Commission (NAICOM) extends its profound appreciation to the leadership of the Senate and Senator Adetokunbo Mukail Abiru, Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, for their pivotal role in the successful passage of the National Insurance Regulatory Commission Bill in the Senate.
This landmark legislation marks a major milestone in strengthening the regulatory framework of Nigeria’s insurance industry. By enhancing oversight, transparency, and accountability, the Bill is expected to deepen public confidence, attract investment, and promote sustainable growth that will benefit policyholders, insurance operators, and the broader economy.
NAICOM commends the vision, dedication, and collaborative spirit demonstrated by the Senate leadership and Senator Abiru in championing reforms aimed at modernising insurance regulation and advancing financial inclusion in Nigeria. Their commitment underscores the significance of this achievement in protecting citizens’ interests and promoting the stability of the nation’s financial sector.
The Commission reaffirms its readiness to ensure the effective implementation of the new law once it receives presidential assent. NAICOM also pledges to continue working closely with all stakeholders to position the insurance industry as a catalyst for national development.
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