As part of its enlightenment campaign, the Chartered Insurance Institute of Nigeria (CIIN) has further stimulated young Nigerian graduates’ interest in insurance as a profession. Under its youth empowerment programme tagged: “Catch them Young” the institute empowered over 700 youth corps members at the Iyana-Ipaja Camp, Lagos.
Disclosing this while presenting her scorecard in Lagos, the President of the institute, Mrs. Funmi Babington-Ashaye, said at the end of the programme, insurance agency certificates were issued to them with referral letters to aid their internship in insurance firms during the course of their service year, adding that the initiative will be sustained through subsequent batches of the NYSC.
While advising the federal and state government to create an enabling environment for insurance to thrive in their domains, she said the institute visited and engaged key public functionaries to encourage them to see insurance not only as a great profession but to also leverage insurance products to secure public sector assets and enhance their ability to create wealth for Nigerians.
To consolidate the initiative, the institute, she said, visited the governors of Oyo, Ogun and Ondo states as well as the Head of Civil Service of the Federation, Mrs. Winifred Oyo-Ita, in Abuja.
She stressed that the visit to the Head of Civil Service was particularly important, saying unlike other professional qualifications that are recognised in the scheme of service, the qualification of CIIN is not included despite the fact that it has been duly recognised by the Federal Ministry of Education. According to her, “we were greatly encouraged by the response and assurance of the Head of Civil Service that the matter will be dealt with urgently by the relevant government agencies.
We also used the opportunity to canvass for the insurance of public sector assets by insurance companies to protect them against unforeseen contingencies.” She also recalled that talks had reached an advanced stage between the institute and Babcock University in respect of the establishment of an insurance department in the school, adding that the curriculum for the programme had been prepared and would be presented to the senate of the university for approval.
She said: “Accreditation of tertiary institutions offering insurance course has also been intensified. To this end, a team from the institute visited Niger Delta University in Bayelsa State from 5th to 8th February, 2018 to carry out the accreditation of the institution’s BSc Insurance programme, which has been approved by the National Universities Commission.”
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